Ag Growth International Inc. (TSE:AFN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Ag Growth International Inc. (TSE:AFN) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$74.38.

Several brokerages have recently weighed in on AFN. Royal Bank of Canada dropped their price objective on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. CIBC cut their price objective on shares of Ag Growth International from C$75.00 to C$70.00 in a research report on Thursday, November 7th. Raymond James downgraded Ag Growth International from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$72.00 to C$62.00 in a research report on Friday, October 18th. Finally, TD Securities cut their price target on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a research note on Monday, August 12th.

Ag Growth International Stock Up 2.8 %

AFN opened at C$54.58 on Wednesday. The stock’s fifty day simple moving average is C$51.87 and its 200 day simple moving average is C$52.54. Ag Growth International has a 1-year low of C$45.96 and a 1-year high of C$64.51. The stock has a market cap of C$1.04 billion, a PE ratio of 34.32, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35.

Ag Growth International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid a $0.15 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.10%. Ag Growth International’s dividend payout ratio (DPR) is 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.