Ag Growth International (TSE:AFN) Price Target Lowered to C$77.00 at National Bankshares

Ag Growth International (TSE:AFN) had its price target decreased by National Bankshares from C$82.00 to C$77.00 in a research report report published on Wednesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. TD Securities lifted their target price on shares of Ag Growth International from C$75.00 to C$83.00 and gave the stock a buy rating in a report on Thursday, March 7th. Royal Bank of Canada lifted their price objective on Ag Growth International from C$75.00 to C$80.00 and gave the stock an outperform rating in a research note on Friday, March 8th. ATB Capital cut their price objective on Ag Growth International from C$85.00 to C$81.00 and set an outperform rating for the company in a research report on Tuesday, April 30th. Raymond James raised their target price on Ag Growth International from C$64.00 to C$72.00 and gave the company an outperform rating in a report on Thursday, March 7th. Finally, Desjardins cut their price target on Ag Growth International from C$86.00 to C$78.00 and set a buy rating for the company in a report on Wednesday. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, Ag Growth International presently has a consensus rating of Buy and an average target price of C$78.22.

Ag Growth International Stock Performance

AFN opened at C$50.07 on Wednesday. The stock has a 50-day moving average of C$60.36 and a 200-day moving average of C$55.28. The company has a debt-to-equity ratio of 285.22, a quick ratio of 0.84 and a current ratio of 1.21. Ag Growth International has a 52-week low of C$47.07 and a 52-week high of C$64.51. The company has a market cap of C$951.83 million, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.30 and a beta of 2.32.

Ag Growth International (TSE:AFN) last announced its earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.08 by C$0.62. Ag Growth International had a return on equity of 23.61% and a net margin of 4.51%. The firm had revenue of C$379.32 million during the quarter, compared to analysts’ expectations of C$414.68 million. As a group, equities research analysts forecast that Ag Growth International will post 5.9042146 earnings per share for the current fiscal year.

Ag Growth International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.15 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 1.20%. Ag Growth International’s dividend payout ratio (DPR) is 17.44%.

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.