Ag Growth International Inc. (TSE:AFN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Ag Growth International Inc. (TSE:AFN) has received an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$42.57.

Several equities analysts have commented on AFN shares. Cibc Captl Mkts lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. National Bankshares decreased their target price on shares of Ag Growth International from C$49.00 to C$37.00 and set an “outperform” rating on the stock in a research report on Monday, December 1st. Raymond James Financial downgraded shares of Ag Growth International from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. CIBC cut Ag Growth International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$58.00 to C$33.00 in a research note on Monday, November 17th. Finally, Desjardins decreased their price objective on Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating on the stock in a research report on Monday, October 27th.

Ag Growth International Stock Down 1.6%

TSE AFN opened at C$21.67 on Friday. The stock has a 50 day moving average price of C$30.57 and a 200-day moving average price of C$37.26. Ag Growth International has a one year low of C$17.93 and a one year high of C$55.41. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. The company has a market capitalization of C$407.40 million, a P/E ratio of -60.19, a P/E/G ratio of 1.30 and a beta of 0.72.

Ag Growth International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, September 29th. Ag Growth International’s dividend payout ratio is presently -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.