Ag Growth International (TSE:AFN – Free Report) had its price target trimmed by CIBC from C$78.00 to C$75.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Separately, TD Securities lowered their price target on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$76.78.
View Our Latest Research Report on AFN
Ag Growth International Price Performance
Ag Growth International (TSE:AFN – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.67 by C($0.25). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. The business had revenue of C$351.78 million for the quarter, compared to analyst estimates of C$397.51 million. On average, analysts predict that Ag Growth International will post 6.5761006 EPS for the current year.
Ag Growth International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. Ag Growth International’s dividend payout ratio (DPR) is presently 39.47%.
About Ag Growth International
Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.
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