Ag Growth International (TSE:AFN) Cut to Hold at Royal Bank Of Canada

Royal Bank Of Canada cut shares of Ag Growth International (TSE:AFN) from a moderate buy rating to a hold rating in a report released on Monday, Marketbeat reports. They currently have C$25.00 price objective on the stock, down from their previous price objective of C$50.00.

A number of other research analysts have also issued reports on the stock. Atb Cap Markets upgraded shares of Ag Growth International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 5th. Raymond James Financial cut shares of Ag Growth International from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 13th. TD Securities lifted their price target on shares of Ag Growth International from C$55.00 to C$57.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Desjardins reduced their price objective on shares of Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating on the stock in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Ag Growth International has an average rating of “Moderate Buy” and a consensus target price of C$44.57.

Ag Growth International Price Performance

Shares of AFN opened at C$19.01 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The stock has a market cap of C$357.39 million, a PE ratio of -52.81, a PEG ratio of 1.30 and a beta of 1.11. Ag Growth International has a 12-month low of C$18.65 and a 12-month high of C$55.41. The business has a 50-day simple moving average of C$34.64 and a two-hundred day simple moving average of C$38.66.

Ag Growth International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, September 29th. Ag Growth International’s dividend payout ratio is currently -166.67%.

About Ag Growth International

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors.