Ag Growth International Inc. (TSE:AFN) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Ag Growth International Inc. (TSE:AFN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$47.86.

AFN has been the subject of several recent analyst reports. National Bankshares raised their price target on Ag Growth International from C$49.00 to C$51.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. TD Securities raised their price objective on Ag Growth International from C$46.00 to C$48.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. ATB Capital dropped their target price on Ag Growth International from C$46.00 to C$43.00 and set a "sector perform" rating on the stock in a research report on Wednesday, May 7th. Desjardins upgraded shares of Ag Growth International to a "moderate buy" rating in a report on Monday, June 9th. Finally, Raymond James raised shares of Ag Growth International from a "market perform" rating to an "outperform" rating and dropped their price objective for the company from C$52.00 to C$47.00 in a report on Friday, March 7th.

Ag Growth International Stock Down 1.2%

Shares of Ag Growth International stock opened at C$40.50 on Friday. The stock has a market cap of C$774.07 million, a price-to-earnings ratio of 32.34, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1 year low of C$30.81 and a 1 year high of C$58.14. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The firm's 50-day moving average is C$36.10 and its two-hundred day moving average is C$39.96.

Ag Growth International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.48%. Ag Growth International's dividend payout ratio is presently 47.90%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.