Ag Growth International Inc. (TSE:AFN) Given Average Recommendation of “Buy” by Analysts

Shares of Ag Growth International Inc. (TSE:AFN) have been given an average recommendation of “Buy” by the eight analysts that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$81.44.

Several equities analysts have commented on the stock. Desjardins increased their price objective on shares of Ag Growth International from C$82.00 to C$85.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. TD Securities increased their price objective on shares of Ag Growth International from C$75.00 to C$83.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. ATB Capital increased their price objective on shares of Ag Growth International from C$81.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. National Bankshares increased their price objective on shares of Ag Growth International from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Finally, Scotiabank increased their price objective on shares of Ag Growth International from C$83.00 to C$88.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th.

Ag Growth International Price Performance

Shares of TSE:AFN opened at C$60.48 on Tuesday. The company has a debt-to-equity ratio of 285.22, a quick ratio of 0.84 and a current ratio of 1.21. The firm has a fifty day moving average price of C$60.08 and a 200 day moving average price of C$54.78. Ag Growth International has a fifty-two week low of C$47.07 and a fifty-two week high of C$64.51. The firm has a market cap of C$1.15 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 1.30 and a beta of 2.32.

Ag Growth International (TSE:AFN) last issued its earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.62. Ag Growth International had a net margin of 4.51% and a return on equity of 23.61%. The firm had revenue of C$379.32 million during the quarter, compared to analyst estimates of C$414.68 million. As a group, sell-side analysts expect that Ag Growth International will post 5.9042146 earnings per share for the current fiscal year.

Ag Growth International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.99%. The ex-dividend date was Wednesday, March 27th. Ag Growth International’s dividend payout ratio is presently 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.