Ag Growth International (TSE:AFN – Free Report) had its price objective trimmed by ATB Capital from C$85.00 to C$81.00 in a research report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other analysts also recently commented on the company. Raymond James upped their price objective on Ag Growth International from C$64.00 to C$72.00 and gave the stock an outperform rating in a report on Thursday, March 7th. Royal Bank of Canada raised their price objective on Ag Growth International from C$75.00 to C$80.00 and gave the stock an outperform rating in a report on Friday, March 8th. Desjardins lifted their price objective on Ag Growth International from C$82.00 to C$85.00 and gave the company a buy rating in a research note on Thursday, March 7th. National Bankshares increased their target price on shares of Ag Growth International from C$75.00 to C$82.00 and gave the stock an outperform rating in a research report on Thursday, March 7th. Finally, Scotiabank raised their price target on shares of Ag Growth International from C$83.00 to C$88.00 and gave the company an outperform rating in a report on Thursday, March 7th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of C$81.00.
Check Out Our Latest Research Report on Ag Growth International
Ag Growth International Price Performance
Ag Growth International (TSE:AFN – Get Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.62. The firm had revenue of C$379.32 million for the quarter, compared to analyst estimates of C$414.68 million. Ag Growth International had a return on equity of 23.61% and a net margin of 4.51%. Equities research analysts expect that Ag Growth International will post 5.9042146 EPS for the current year.
Ag Growth International Dividend Announcement
The company 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. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. 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.
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