Ag Growth International (TSE:AFN) Price Target Raised to C$47.00

Ag Growth International (TSE:AFN - Free Report) had its target price hoisted by ATB Capital from C$43.00 to C$47.00 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

AFN has been the subject of a number of other research reports. CIBC cut their target price on shares of 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 shares of Ag Growth International from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$40.00 to C$50.00 in a research report on Thursday, May 8th. National Bankshares raised their price objective on shares of Ag Growth International from C$49.00 to C$51.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Raymond James Financial upgraded shares of Ag Growth International from a "market perform" rating to an "outperform" rating and cut their price objective for the company from C$52.00 to C$47.00 in a research report on Friday, March 7th. Finally, Desjardins upgraded shares of Ag Growth International to a "moderate buy" rating in a research report on Monday, June 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$48.43.

Ag Growth International Stock Up 0.6%

Shares of AFN stock traded up C$0.26 on Thursday, hitting C$41.34. The stock had a trading volume of 25,154 shares, compared to its average volume of 106,625. The business has a 50 day moving average of C$36.96 and a 200 day moving average of C$39.43. The stock has a market cap of C$790.12 million, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. 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.

Ag Growth International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Monday, March 31st. Ag Growth International's dividend payout ratio is currently 47.90%.

Ag Growth International Company Profile

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.