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

Shares of Ag Growth International Inc. (TSE:AFN) have received an average rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$81.44.

Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Ag Growth International from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. TD Securities boosted their price objective on shares of Ag Growth International from C$75.00 to C$83.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. National Bankshares boosted their target price on shares of Ag Growth International from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. CIBC boosted their target price on shares of Ag Growth International from C$78.00 to C$82.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, Raymond James boosted their target price on shares of Ag Growth International from C$64.00 to C$72.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th.

Ag Growth International Price Performance

Shares of TSE AFN opened at C$61.25 on Tuesday. The firm has a market capitalization of C$1.16 billion, a P/E ratio of 17.81, a PEG ratio of 1.30 and a beta of 2.32. Ag Growth International has a one year low of C$47.07 and a one year high of C$64.51. The company’s fifty day moving average is C$60.47 and its two-hundred day moving average is C$55.08. The company has a debt-to-equity ratio of 285.22, a quick ratio of 0.84 and a current ratio of 1.21.

Ag Growth International (TSE:AFN) last released its quarterly earnings data on Tuesday, March 5th. The company reported C$1.70 EPS for the quarter, topping the consensus estimate of C$1.08 by C$0.62. Ag Growth International had a net margin of 4.51% and a return on equity of 23.61%. The business had revenue of C$379.32 million for the quarter, compared to analyst estimates of C$414.68 million. Analysts forecast that Ag Growth International will post 5.9042146 EPS for the current fiscal year.

Ag Growth International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Wednesday, March 27th. Ag Growth International’s dividend payout ratio is currently 17.44%.

Ag Growth International Company Profile

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.