Analysts Set Ag Growth International Inc. (TSE:AFN) Price Target at C$74.63

Ag Growth International Inc. (TSE:AFN) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$74.63.

AFN has been the subject of several research reports. CIBC upped their price objective on shares of Ag Growth International from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Royal Bank of Canada reduced their price target on shares of Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Finally, Raymond James cut shares of Ag Growth International from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$72.00 to C$62.00 in a report on Friday, October 18th.

Ag Growth International Price Performance

Ag Growth International stock opened at C$51.63 on Friday. The stock has a market capitalization of C$984.58 million, a P/E ratio of 33.97, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1 year low of C$45.96 and a 1 year high of C$64.51. The company’s fifty day moving average price is C$51.64 and its 200 day moving average price is C$52.94. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49.

Ag Growth International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.16%. Ag Growth International’s 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.