Ag Growth International (TSE:AFN) Price Target Cut to C$58.00 by Analysts at CIBC

Ag Growth International (TSE:AFN) had its price objective trimmed by CIBC from C$61.00 to C$58.00 in a research note published on Thursday morning,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the company. Raymond James reduced their price target on Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. TD Securities reduced their price objective on Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Royal Bank of Canada downgraded Ag Growth International from a “moderate buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, ATB Capital downgraded Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$79.00 to C$63.00 in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$60.38.

Ag Growth International Trading Up 2.8 %

Shares of TSE AFN opened at C$39.53 on Thursday. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. The business’s 50 day moving average price is C$48.57 and its 200-day moving average price is C$51.65. Ag Growth International has a fifty-two week low of C$37.61 and a fifty-two week high of C$64.51. The company has a market cap of C$753.84 million, a price-to-earnings ratio of 26.01, a PEG ratio of 1.30 and a beta of 2.29.

Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$1.26 earnings per share for the quarter, missing the consensus estimate of C$1.66 by C($0.40). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. During the same period in the previous year, the company earned $1.62 earnings per share. On average, sell-side analysts expect that Ag Growth International will post 6.5761006 earnings per share for the current year.

Ag Growth International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.52%. Ag Growth International’s dividend payout ratio (DPR) is presently 39.47%.

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.