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

Key Points

• Ag Growth International Inc. has received a consensus rating of "Buy" from eight brokerages, with one analyst giving a strong buy recommendation.
• The average 12-month price target for the stock is set at C$50.71, with recent updates from various analysts adjusting their targets between C$49.00 and C$57.00.
• The company recently declared a quarterly dividend of $0.15 per share, resulting in an annual yield of 1.8%, although its dividend payout ratio stands at -166.67%.

Shares of Ag Growth International Inc. (TSE:AFN - Get Free Report) have earned a consensus recommendation of "Buy" from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$50.71.

Several equities analysts recently weighed in on AFN shares. Royal Bank Of Canada reduced their price target on shares of Ag Growth International from C$55.00 to C$50.00 and set an "outperform" rating for the company in a research report on Tuesday. Desjardins increased their price target on shares of Ag Growth International from C$47.00 to C$49.00 and gave the company a "buy" rating in a research report on Friday, August 1st. TD Securities increased their price target on shares of Ag Growth International from C$55.00 to C$57.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Raymond James Financial increased their price target on shares of Ag Growth International from C$47.00 to C$52.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, Atb Cap Markets upgraded shares of Ag Growth International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 5th.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$34.00 on Friday. The firm has a 50-day moving average of C$39.04 and a 200-day moving average of C$38.69. The company has a market cap of C$638.89 million, a P/E ratio of -94.44, a P/E/G ratio of 1.30 and a beta of 1.15. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. Ag Growth International has a one year low of C$30.81 and a one year high of C$55.41.

Ag Growth International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, September 29th. Ag Growth International's dividend payout ratio (DPR) is currently -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.

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