Atb Cap Markets Comments on Ag Growth International Inc.’s Q3 2024 Earnings (TSE:AFN)

Ag Growth International Inc. (TSE:AFN) – Equities research analysts at Atb Cap Markets lowered their Q3 2024 EPS estimates for Ag Growth International in a report released on Thursday, August 8th. Atb Cap Markets analyst T. Monachello now anticipates that the company will earn $2.12 per share for the quarter, down from their previous forecast of $2.20. The consensus estimate for Ag Growth International’s current full-year earnings is $6.06 per share.

A number of other equities research analysts have also recently weighed in on AFN. Desjardins reduced their price target on shares of Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. ATB Capital dropped their price objective on Ag Growth International from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. TD Securities reduced their target price on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a report on Monday. National Bankshares decreased their target price on Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, Scotiabank cut their price target on Ag Growth International from C$88.00 to C$75.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, Ag Growth International has an average rating of “Buy” and a consensus target price of C$77.56.

Ag Growth International Stock Up 1.3 %

Shares of TSE:AFN opened at C$54.01 on Monday. The firm has a 50 day simple moving average of C$53.11 and a 200-day simple moving average of C$55.50. Ag Growth International has a twelve month low of C$45.96 and a twelve month high of C$64.51. 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 company has a market capitalization of C$1.03 billion, a PE ratio of 35.53, a P/E/G ratio of 1.30 and a beta of 2.37.

Ag Growth International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.15 per share. The ex-dividend date was Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.11%. Ag Growth International’s payout ratio is 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.