Raymond James Brokers Boost Earnings Estimates for TSE:AFN

Ag Growth International Inc. (TSE:AFN - Free Report) - Equities research analysts at Raymond James boosted their Q2 2025 earnings estimates for Ag Growth International in a research report issued on Wednesday, May 7th. Raymond James analyst S. Hansen now anticipates that the company will post earnings per share of $0.64 for the quarter, up from their previous estimate of $0.59. Raymond James has a "Outperform" rating and a $47.00 price target on the stock. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share. Raymond James also issued estimates for Ag Growth International's FY2025 earnings at $3.60 EPS and FY2026 earnings at $4.20 EPS.

Several other brokerages have also weighed in on AFN. CIBC lowered 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 note on Wednesday, May 7th. Atb Cap Markets lowered shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Desjardins increased their target price on shares of Ag Growth International from C$46.00 to C$47.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Royal Bank of Canada raised shares of Ag Growth International from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$40.00 to C$50.00 in a research note on Thursday. Finally, TD Securities increased their target price on shares of 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Ag Growth International has a consensus rating of "Moderate Buy" and an average price target of C$47.86.

Ag Growth International Price Performance

Ag Growth International stock opened at C$38.72 on Monday. 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$740.04 million, a P/E ratio of 30.91, a PEG ratio of 1.30 and a beta of 2.29. The company has a 50-day moving average price of C$34.19 and a 200 day moving average price of C$42.06. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31.

Insider Activity

In other Ag Growth International news, Director Janet Giesselman acquired 6,000 shares of the stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of C$36.35 per share, with a total value of C$218,076.00. Also, Senior Officer Paul David Householder purchased 4,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of C$36.01 per share, with a total value of C$144,040.00. Over the last quarter, insiders acquired 12,000 shares of company stock valued at $436,101. 1.06% of the stock is currently owned by company insiders.

Ag Growth International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Monday, March 31st. Ag Growth International's payout ratio is 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.

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