Ag Growth International Inc. (TSE:AFN) Receives C$50.71 Consensus Price Target from Brokerages

Shares of Ag Growth International Inc. (TSE:AFN) have been given an average rating of “Buy” by the eight brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$50.71.

A number of analysts recently weighed in on AFN shares. Atb Cap Markets raised shares of Ag Growth International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada reduced their price objective on shares of Ag Growth International from C$55.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Desjardins increased their price objective on shares of Ag Growth International from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. TD Securities increased their price objective on shares of Ag Growth International from C$55.00 to C$57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Raymond James Financial increased their price objective on shares of Ag Growth International from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th.

Ag Growth International Stock Up 0.2%

Shares of TSE AFN opened at C$36.26 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. Ag Growth International has a 12-month low of C$30.81 and a 12-month high of C$55.41. The stock has a market capitalization of C$681.36 million, a price-to-earnings ratio of -100.72, a P/E/G ratio of 1.30 and a beta of 1.15. The firm’s 50-day moving average price is C$38.38 and its 200-day moving average price is C$38.79.

Ag Growth International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, September 29th. Ag Growth International’s dividend payout ratio is -166.67%.

Ag Growth International Company Profile

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.