Ag Growth International (TSE:AFN) Given New C$61.00 Price Target at CIBC

Ag Growth International (TSE:AFN) had its price target lowered by CIBC from C$72.00 to C$61.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada dropped their target price on Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. Raymond James lowered their price objective on shares of Ag Growth International from C$62.00 to C$52.00 in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$67.25.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$41.56 on Tuesday. The company has a market capitalization of C$792.55 million, a price-to-earnings ratio of 27.34, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1-year low of C$39.80 and a 1-year high of C$64.51. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The stock’s fifty day simple moving average is C$51.72 and its 200-day simple moving average is C$52.78.

Ag Growth International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, December 31st. Ag Growth International’s dividend payout ratio (DPR) is presently 39.47%.

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.