Ag Growth International (TSE:AFN) Hits New 12-Month Low at $47.03

Ag Growth International Inc. (TSE:AFN - Get Free Report)'s stock price reached a new 52-week low during trading on Friday . The stock traded as low as C$47.03 and last traded at C$47.34, with a volume of 91122 shares. The stock had previously closed at C$48.44.

Analyst Ratings Changes

AFN has been the topic of several recent analyst reports. ATB Capital decreased their price objective on shares of Ag Growth International from C$85.00 to C$81.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 30th. CIBC increased their target price on shares of Ag Growth International from C$78.00 to C$82.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. Royal Bank of Canada lifted their target price on Ag Growth International from C$75.00 to C$80.00 and gave the stock an "outperform" rating in a research report on Friday, March 8th. Scotiabank lowered their price target on Ag Growth International from C$88.00 to C$75.00 and set an "outperform" rating for the company in a report on Wednesday, May 1st. Finally, National Bankshares lowered their price target on shares of Ag Growth International from C$82.00 to C$77.00 and set an "outperform" rating for the company in a research report on Wednesday, May 1st. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ag Growth International has a consensus rating of "Buy" and an average price target of C$78.22.

Ag Growth International Price Performance

The company has a debt-to-equity ratio of 285.22, a current ratio of 1.21 and a quick ratio of 0.84. The company has a 50-day simple moving average of C$59.80 and a 200-day simple moving average of C$55.25. The stock has a market cap of C$902.98 million, a PE ratio of 13.70, a PEG ratio of 1.30 and a beta of 2.32.

Ag Growth International (TSE:AFN - Get Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.08 by C$0.62. The company had revenue of C$379.32 million for the quarter, compared to analysts' expectations of C$414.68 million. Ag Growth International had a net margin of 4.51% and a return on equity of 23.61%. Sell-side analysts anticipate that Ag Growth International Inc. will post 5.9042146 EPS for the current fiscal year.

Ag Growth International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. Ag Growth International's payout ratio is 17.44%.

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.

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