Ag Growth International (TSE:AFN) Sets New 12-Month Low – Here’s Why

Ag Growth International Inc. (TSE:AFN) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$43.54 and last traded at C$43.56, with a volume of 40385 shares changing hands. The stock had previously closed at C$47.23.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AFN shares. Royal Bank of Canada lowered their price objective on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. Raymond James downgraded shares of Ag Growth International from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from C$72.00 to C$62.00 in a research note on Friday, October 18th. Finally, CIBC lifted their price objective on Ag Growth International from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$74.63.

Ag Growth International Stock Down 14.5 %

The stock has a market capitalization of C$769.86 million, a P/E ratio of 26.56, a P/E/G ratio of 1.30 and a beta of 2.29. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The firm’s fifty day moving average is C$51.91 and its 200-day moving average is C$52.85.

Ag Growth International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.49%. Ag Growth International’s dividend payout ratio (DPR) is 39.47%.

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.