Ag Growth International (TSE:AFN - Free Report) had its price objective lifted by TD Securities from C$48.00 to C$55.00 in a research report released on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.
Several other analysts also recently weighed in on the company. Desjardins upgraded Ag Growth International to a "moderate buy" rating in a research report on Monday, June 9th. National Bankshares upped their price objective on Ag Growth International from C$49.00 to C$51.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. CIBC dropped their price objective on Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Royal Bank Of Canada upgraded Ag Growth International from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$40.00 to C$50.00 in a research report on Thursday, May 8th. Finally, ATB Capital increased their target price on Ag Growth International from C$43.00 to C$47.00 and gave the company a "sector perform" rating in a research report on Thursday, June 19th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Ag Growth International currently has an average rating of "Moderate Buy" and a consensus price target of C$49.43.
Check Out Our Latest Analysis on Ag Growth International
Ag Growth International Price Performance
Shares of AFN stock traded down C$0.43 on Tuesday, hitting C$41.22. 25,939 shares of the company's stock were exchanged, compared to its average volume of 104,726. 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 12 month low of C$30.81 and a 12 month high of C$58.14. The stock has a market cap of C$787.83 million, a P/E ratio of 32.91, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a 50 day moving average of C$37.48 and a 200 day moving average of C$39.38.
Ag Growth International Dividend Announcement
The company 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. The ex-dividend date was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.46%. Ag Growth International's dividend payout ratio is presently 47.90%.
About Ag Growth International
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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.
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