Raymond James Issues Positive Forecast for TSE:AFN Earnings

Ag Growth International Inc. (TSE:AFN - Free Report) - Equities researchers at Raymond James lifted their Q2 2025 earnings per share (EPS) estimates for shares of Ag Growth International in a research note issued on Wednesday, May 7th. Raymond James analyst S. Hansen now forecasts 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.

Other analysts also recently issued reports about the stock. National Bankshares lifted 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 report on Wednesday, May 7th. CIBC cut 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. TD Securities lifted their target price on Ag Growth International from C$46.00 to C$48.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Desjardins boosted their target price on Ag Growth International from C$46.00 to C$47.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada raised Ag Growth International from a "sector perform" rating to an "outperform" rating and increased their price target for the company from C$40.00 to C$50.00 in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Ag Growth International has an average rating of "Moderate Buy" and an average price target of C$47.86.

Ag Growth International Price Performance

Shares of Ag Growth International stock traded up C$0.22 on Monday, hitting C$39.13. 6,408 shares of the company traded hands, compared to its average volume of 111,650. Ag Growth International has a 52 week low of C$30.81 and a 52 week high of C$58.14. The business has a 50-day simple moving average of C$34.46 and a 200 day simple moving average of C$41.89. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. The stock has a market capitalization of C$747.88 million, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Insider Activity

In related news, Director Anne De Greef-Safft purchased 2,000 shares of Ag Growth International stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of C$36.99 per share, with a total value of C$73,985.00. Also, Senior Officer Paul David Householder acquired 4,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of C$36.01 per share, with a total value of C$144,040.00. Over the last 90 days, insiders have acquired 12,000 shares of company stock valued at $436,101. 1.06% of the stock is currently owned by insiders.

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 dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. Ag Growth International's dividend payout ratio (DPR) 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.