Ag Growth International (TSE:AFN) Price Target Lowered to C$77.00 at National Bankshares

Ag Growth International (TSE:AFN) had its target price reduced by National Bankshares from C$82.00 to C$77.00 in a report published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts also recently commented on AFN. Raymond James boosted their target price on Ag Growth International from C$64.00 to C$72.00 and gave the stock an outperform rating in a research report on Thursday, March 7th. Desjardins reduced their price objective on Ag Growth International from C$86.00 to C$78.00 and set a buy rating on the stock in a research report on Wednesday. ATB Capital reduced their price objective on Ag Growth International from C$85.00 to C$81.00 and set an outperform rating on the stock in a research report on Tuesday. Scotiabank reduced their price objective on Ag Growth International from C$88.00 to C$75.00 and set an outperform rating on the stock in a research report on Wednesday. Finally, TD Securities upped their price objective on Ag Growth International from C$75.00 to C$83.00 and gave the company a buy rating in a research report on Thursday, March 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Ag Growth International presently has a consensus rating of Buy and a consensus price target of C$78.22.

Ag Growth International Stock Down 4.7 %

AFN opened at C$50.50 on Wednesday. The business’s fifty day moving average is C$60.75 and its two-hundred day moving average is C$55.35. The company has a debt-to-equity ratio of 285.22, a quick ratio of 0.84 and a current ratio of 1.21. The company has a market cap of C$960.01 million, a price-to-earnings ratio of 14.68, 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.

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

Ag Growth International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.15 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 1.19%. Ag Growth International’s payout ratio is currently 17.44%.

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.