Ag Growth International (TSE:AFN) Price Target Cut to C$55.00 by Analysts at National Bankshares

Ag Growth International (TSE:AFN) had its price objective decreased by National Bankshares from C$67.00 to C$55.00 in a research note issued to investors on Thursday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other analysts have also issued reports on the stock. TD Securities decreased their price target on shares of Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada downgraded shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$75.00 to C$45.00 in a report on Thursday. Atb Cap Markets downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. CIBC reduced their price objective on shares of Ag Growth International from C$61.00 to C$58.00 in a report on Thursday. Finally, ATB Capital downgraded shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$79.00 to C$63.00 in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ag Growth International currently has a consensus rating of “Moderate Buy” and an average price target of C$60.38.

Ag Growth International Stock Performance

TSE:AFN opened at C$39.53 on Thursday. 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 firm has a market capitalization of C$753.84 million, a PE ratio of 26.01, a PEG ratio of 1.30 and a beta of 2.29. The firm’s fifty day simple moving average is C$48.57 and its 200 day simple moving average is C$51.65. Ag Growth International has a 1 year low of C$37.61 and a 1 year high of C$64.51.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.66 by C($0.40). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. During the same quarter last year, the business earned $1.62 earnings per share. On average, sell-side analysts anticipate that Ag Growth International will post 6.5761006 EPS for the current year.

Ag Growth International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.52%. The ex-dividend date was Tuesday, December 31st. Ag Growth International’s dividend payout ratio is currently 39.47%.

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.