Ag Growth International Inc. (TSE:AFN) Given Consensus Rating of “Buy” by Brokerages

Ag Growth International Inc. (TSE:AFN) has been given an average rating of “Buy” by the eight brokerages that are presently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have covered the stock in the last year is C$81.44.

Several equities analysts have weighed in on AFN shares. Desjardins increased their target price on Ag Growth International from C$82.00 to C$85.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. ATB Capital lifted their price objective on shares of Ag Growth International from C$81.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. CIBC boosted their price objective on shares of Ag Growth International from C$78.00 to C$82.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. National Bankshares increased their target price on shares of Ag Growth International from C$75.00 to C$82.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, TD Securities boosted their price target on shares of Ag Growth International from C$75.00 to C$83.00 and gave the company a “buy” rating in a report on Thursday, March 7th.

Ag Growth International Trading Down 1.2 %

AFN opened at C$61.36 on Friday. The firm has a 50 day simple moving average of C$58.90 and a 200 day simple moving average of C$54.25. Ag Growth International has a fifty-two week low of C$47.07 and a fifty-two week high of C$64.51. The company has a market cap of C$1.17 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.30 and a beta of 2.32. The company has a debt-to-equity ratio of 285.22, a current ratio of 1.21 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN) last issued its earnings results on Tuesday, March 5th. The company reported C$1.70 EPS for the quarter, beating the consensus estimate of C$1.08 by C$0.62. The company had revenue of C$379.32 million during the quarter, compared to analysts’ expectations of C$414.68 million. Ag Growth International had a net margin of 4.51% and a return on equity of 23.61%. On average, sell-side analysts anticipate that Ag Growth International will post 5.8913858 earnings per share for the current year.

Ag Growth International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 0.98%. Ag Growth International’s payout ratio is presently 17.44%.

About Ag Growth International

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain and fertilizer handling equipment, aeration products, and storage bins in Canada, the United States, and internationally. The company offers storage equipment comprising grain and bolted bins, hopper bins, smooth wall bins, temporary storage equipment, unloads and sweeps, water tanks, fuel tanks; and conditioning equipment, such as mixed flow dryers, fans and heaters, aerations, airaugers, aeration floors, vents and exhausters, stirrings, and accessories.