Q2 2023 EPS Estimates for Ag Growth International Inc. Increased by Atb Cap Markets (TSE:AFN)

Ag Growth International Inc. (TSE:AFN – Get Rating) – Atb Cap Markets boosted their Q2 2023 earnings estimates for shares of Ag Growth International in a report released on Wednesday, March 8th. Atb Cap Markets analyst T. Monachello now expects that the company will post earnings per share of $1.25 for the quarter, up from their prior estimate of $1.18. The consensus estimate for Ag Growth International’s current full-year earnings is $4.88 per share. Atb Cap Markets also issued estimates for Ag Growth International’s FY2023 earnings at $4.39 EPS, Q2 2024 earnings at $1.60 EPS, Q4 2024 earnings at $1.44 EPS, FY2024 earnings at $5.85 EPS and FY2025 earnings at $7.30 EPS.

A number of other equities analysts have also commented on the stock. Scotiabank raised their price objective on shares of Ag Growth International from C$65.00 to C$75.00 in a research note on Thursday. CIBC lifted their target price on shares of Ag Growth International from C$62.00 to C$72.00 and gave the company an “outperform” rating in a research note on Thursday. Cormark lifted their target price on shares of Ag Growth International from C$73.00 to C$77.00 in a research note on Thursday. TD Securities lifted their target price on shares of Ag Growth International from C$66.00 to C$77.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Raymond James lifted their target price on shares of Ag Growth International from C$64.00 to C$70.00 and gave the company an “outperform” rating in a research note on Friday. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$70.75.

Ag Growth International Trading Down 1.1 %

Ag Growth International stock opened at C$61.90 on Friday. The company has a 50 day moving average price of C$51.01 and a 200 day moving average price of C$42.71. Ag Growth International has a 52 week low of C$28.80 and a 52 week high of C$62.80. 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 market capitalization of C$1.17 billion, a price-to-earnings ratio of -6,190.00, a P/E/G ratio of 1.30 and a beta of 2.31.

Ag Growth International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a $0.15 dividend. The ex-dividend date is Thursday, March 30th. This represents a $0.60 annualized dividend and a yield of 0.97%. Ag Growth International’s dividend payout ratio (DPR) is presently -6,000.00%.

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.