Ag Growth International (TSE:AFN) Sets New 52-Week Low – Should You Sell?

Ag Growth International Inc. (TSE:AFN)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as C$36.50 and last traded at C$36.89, with a volume of 24973 shares changing hands. The stock had previously closed at C$39.23.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AFN. ATB Capital downgraded Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. CIBC decreased their target price on shares of Ag Growth International from C$61.00 to C$58.00 in a research report on Thursday. Raymond James dropped their price target on shares of Ag Growth International from C$62.00 to C$52.00 in a research report on Tuesday, January 14th. 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 report on Tuesday, January 14th. Finally, Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Ag Growth International presently has a consensus rating of “Moderate Buy” and an average price target of C$60.38.

Ag Growth International Stock Down 6.0 %

The stock has a market capitalization of C$703.49 million, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The firm has a 50-day moving average of C$48.29 and a 200 day moving average of C$51.50. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35.

Ag Growth International (TSE:AFN) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$1.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 company posted $1.62 EPS. On average, sell-side analysts anticipate that Ag Growth International Inc. will post 6.5761006 earnings per share for the current year.

Ag Growth International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.63%. Ag Growth International’s dividend payout ratio (DPR) is 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.