Ag Growth International (TSE:AFN) Sets New 12-Month High at $47.93

Ag Growth International Inc. (TSE:AFNGet Rating) hit a new 52-week high on Friday . The company traded as high as C$47.93 and last traded at C$47.48, with a volume of 17658 shares. The stock had previously closed at C$46.53.

Analyst Ratings Changes

AFN has been the topic of a number of research reports. ATB Capital cut their price target on Ag Growth International from C$65.50 to C$64.00 in a report on Thursday, November 10th. Raymond James raised their price target on shares of Ag Growth International from C$50.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Thursday, November 10th. Scotiabank boosted their price objective on shares of Ag Growth International from C$52.50 to C$55.00 in a research report on Thursday, November 10th. Cormark raised their target price on shares of Ag Growth International from C$51.00 to C$63.00 in a research report on Thursday, November 10th. Finally, TD Securities boosted their price target on shares of Ag Growth International from C$49.00 to C$53.00 and gave the stock a “buy” rating in a research report on Friday, November 11th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$56.38.

Ag Growth International Stock Up 0.1 %

The company has a debt-to-equity ratio of 293.33, a quick ratio of 0.84 and a current ratio of 1.81. The firm has a fifty day simple moving average of C$43.41 and a 200-day simple moving average of C$38.00. The firm has a market cap of C$879.80 million and a price-to-earnings ratio of 83.14.

Ag Growth International (TSE:AFNGet Rating) last announced its earnings results on Tuesday, November 8th. The company reported C$1.41 EPS for the quarter, topping the consensus estimate of C$1.18 by C$0.23. The company had revenue of C$402.07 million for the quarter, compared to the consensus estimate of C$388.38 million. As a group, sell-side analysts expect that Ag Growth International Inc. will post 4.1099999 EPS for the current year.

Ag Growth International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Thursday, December 29th. Ag Growth International’s dividend payout ratio is 107.14%.

About Ag Growth International

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Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain and rice handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers storage equipment comprising grain and bolted bins, hopper bins, smooth wall bins, temporary storage equipment, unloads and sweeps, water tanks, fuel tanks; and conditioning equipment, such as mixed flow dryers, fans and heaters, aerations, airaugers, aeration floors, vents and exhausters, stirrings, and accessories.

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