Ag Growth International (TSE:AFN) Downgraded by Royal Bank Of Canada to Sector Perform

Royal Bank Of Canada lowered shares of Ag Growth International (TSE:AFN) from an outperform rating to a sector perform rating in a research note published on Monday,BayStreet.CA reports. They currently have C$25.00 price target on the stock, down from their prior price target of C$50.00.

Several other research analysts also recently commented on the company. Atb Cap Markets upgraded Ag Growth International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 5th. TD Securities raised their price target on Ag Growth International from C$55.00 to C$57.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Desjardins reduced their price objective on shares of Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating for the company in a research report on Monday, October 27th. Finally, Raymond James Financial downgraded shares of Ag Growth International from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$44.57.

Ag Growth International Trading Up 4.9%

Shares of TSE:AFN opened at C$20.38 on Monday. Ag Growth International has a 52-week low of C$18.65 and a 52-week high of C$55.41. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. The company has a market capitalization of C$383.14 million, a P/E ratio of -56.61, a price-to-earnings-growth ratio of 1.30 and a beta of 1.11. The company has a 50-day simple moving average of C$35.45 and a 200 day simple moving average of C$38.89.

Ag Growth International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.9%. Ag Growth International’s dividend payout ratio (DPR) is currently -166.67%.

About Ag Growth International

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors.