TD Securities Issues Positive Forecast for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN - Free Report) had its target price hoisted by TD Securities from C$48.00 to C$55.00 in a research note released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. National Bankshares upped their price target on shares of Ag Growth International from C$49.00 to C$51.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada upgraded Ag Growth International from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$40.00 to C$50.00 in a research note on Thursday, May 8th. CIBC lowered their price objective on Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Raymond James Financial raised Ag Growth International from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from C$52.00 to C$47.00 in a report on Friday, March 7th. Finally, ATB Capital boosted their price target on Ag Growth International from C$43.00 to C$47.00 and gave the company a "sector perform" rating in a research note on Thursday, June 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$49.43.

Ag Growth International Stock Performance

Shares of TSE AFN traded down C$0.81 during trading hours on Tuesday, reaching C$41.08. 45,039 shares of the stock were exchanged, compared to its average volume of 103,822. The firm has a market capitalization of C$785.15 million, a price-to-earnings ratio of 32.80, a P/E/G ratio of 1.30 and a beta of 2.29. The stock's fifty day simple moving average is C$37.67 and its 200 day simple moving average is C$39.30. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. Ag Growth International has a 52 week low of C$30.81 and a 52 week high of C$58.14.

Ag Growth International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Monday, March 31st. 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.