Ag Growth International (TSE:AFN) Sets New 52-Week Low – Should You Sell?

Ag Growth International Inc. (TSE:AFN) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$38.80 and last traded at C$38.85, with a volume of 104632 shares. The stock had previously closed at C$39.83.

Wall Street Analyst Weigh In

AFN has been the subject of a number of recent research reports. ATB Capital cut shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. Raymond James cut their price objective on shares of Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. CIBC lowered their target price on Ag Growth International from C$72.00 to C$61.00 in a report on Tuesday, January 14th. TD Securities cut their price target on Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Royal Bank of Canada lowered Ag Growth International from a “moderate buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Ag Growth International has a consensus rating of “Moderate Buy” and a consensus price target of C$67.25.

Ag Growth International Price Performance

The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84. The firm has a market capitalization of C$733.24 million, a price-to-earnings ratio of 25.30, a PEG ratio of 1.30 and a beta of 2.29. The stock has a 50 day moving average price of C$49.09 and a two-hundred day moving average price of C$51.83.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$1.26 EPS for the quarter, missing the consensus estimate of C$1.66 by C($0.40). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. During the same quarter last year, the firm posted $1.62 EPS. As a group, analysts expect that Ag Growth International Inc. 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 Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.56%. Ag Growth International’s dividend payout ratio 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.