Shares of Ag Growth International Inc (TSE:AFN) have been given an average recommendation of “Buy” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$64.75.
AFN has been the subject of several research analyst reports. Royal Bank of Canada reduced their price target on shares of Ag Growth International from C$65.00 to C$63.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. National Bank Financial dropped their price target on shares of Ag Growth International from C$70.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Monday, November 13th. TD Securities dropped their price target on shares of Ag Growth International from C$72.00 to C$68.00 and set an “action list buy” rating on the stock in a research report on Monday, November 13th. Laurentian dropped their price target on shares of Ag Growth International from C$70.00 to C$63.00 in a research report on Monday, November 13th. Finally, Scotiabank dropped their price target on shares of Ag Growth International from C$65.00 to C$62.00 and set an “outperform” rating on the stock in a research report on Monday, November 13th.
In other Ag Growth International news, insider Timothy Jackson Close purchased 1,298 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of C$50.24 per share, for a total transaction of C$65,211.52. Also, Director Gary Keith Anderson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of C$53.45, for a total transaction of C$320,700.00.
Shares of Ag Growth International (TSE:AFN) traded down C$0.85 during midday trading on Friday, hitting C$55.51. 49,331 shares of the company’s stock were exchanged, compared to its average volume of 53,704. Ag Growth International has a one year low of C$47.08 and a one year high of C$60.63. The company has a market capitalization of $892.83, a P/E ratio of 36.64 and a beta of 1.30.
Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Friday, November 10th. The company reported C$0.79 EPS for the quarter, missing the consensus estimate of C$1.01 by C($0.22). The business had revenue of C$206.61 million for the quarter, compared to analyst estimates of C$225.50 million. Ag Growth International had a return on equity of 20.81% and a net margin of 7.54%.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be given a $0.20 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Tuesday, January 30th. Ag Growth International’s payout ratio is presently 158.94%.
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Ag Growth International Company Profile
Ag Growth International Inc is a Canada-based manufacturer of agricultural equipment. The Company focuses on grain handling, storage and conditioning products. The Company’s products service both Farm and Commercial markets, and sells to farmers, contractors and corporate entities. The Company manufactures in Canada, the United States and Europe.
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