Cormark Predicts Weaker Earnings for Ag Growth International

Ag Growth International Inc. (TSE:AFN - Free Report) - Investment analysts at Cormark lowered their FY2025 EPS estimates for Ag Growth International in a note issued to investors on Wednesday, May 7th. Cormark analyst K. Mcphee now expects that the company will earn $3.86 per share for the year, down from their prior forecast of $4.20. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share.

A number of other equities research analysts have also issued reports on the stock. ATB Capital dropped their price objective on shares of Ag Growth International from C$46.00 to C$43.00 and set a "sector perform" rating for the company in a report on Wednesday, May 7th. 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. Raymond James raised shares of Ag Growth International from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from C$52.00 to C$47.00 in a research note on Friday, March 7th. 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Ag Growth International presently has a consensus rating of "Moderate Buy" and an average price target of C$47.86.

Ag Growth International Trading Up 0.6%

Shares of AFN traded up C$0.23 during mid-day trading on Thursday, reaching C$39.47. The stock had a trading volume of 33,361 shares, compared to its average volume of 113,063. 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 52-week low of C$30.81 and a 52-week high of C$58.14. The business's fifty day moving average is C$34.29 and its 200 day moving average is C$42.00. The firm has a market cap of C$754.38 million, a price-to-earnings ratio of 31.51, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Monday, March 31st. Ag Growth International's dividend payout ratio (DPR) is currently 47.90%.

Insider Activity at Ag Growth International

In other news, Director Janet Giesselman purchased 6,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of C$36.35 per share, for a total transaction 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 worth $436,101. Corporate insiders own 1.06% of the company's stock.

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.