Ag Growth International Inc. (TSE:AFN) has received a consensus rating of “Buy” from the eight research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$65.75.
AFN has been the topic of several research analyst reports. Laurentian lifted their price target on Ag Growth International from C$65.00 to C$68.00 and gave the stock a “buy” rating in a research report on Thursday, March 15th. TD Securities cut their price target on Ag Growth International from C$75.00 to C$73.00 and set an “action list buy” rating on the stock in a research report on Thursday, March 15th. Scotiabank lifted their price target on Ag Growth International from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, May 10th. Finally, National Bank Financial lifted their price target on Ag Growth International from C$65.00 to C$67.00 and gave the stock an “outperform” rating in a research report on Thursday, March 15th.
AFN stock opened at C$59.01 on Friday. Ag Growth International has a fifty-two week low of C$47.08 and a fifty-two week high of C$60.63.
Ag Growth International (TSE:AFN) last released its quarterly earnings results on Wednesday, May 9th. The company reported C$0.70 EPS for the quarter, topping the consensus estimate of C$0.41 by C$0.29. The company had revenue of C$214.10 million for the quarter, compared to analyst estimates of C$211.80 million. Ag Growth International had a return on equity of 20.81% and a net margin of 7.54%.
The company also recently declared a monthly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 15th were given a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a yield of 4.07%. The ex-dividend date was Friday, April 27th.
In other Ag Growth International news, Director Gary Keith Anderson sold 14,400 shares of Ag Growth International stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of C$53.02, for a total transaction of C$763,488.00.
About Ag Growth International
Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers portable handling equipment, such as portable augers, portable belt conveyors, grainvacs, and storm seed treaters; and permanent handling equipment, including TA tapered auger vertical blend systems, high-tonnage conveying systems, distributors, bulk weigh hoppers, enclosed belt conveyors, bucket elevators, rail and truck probes, VIS micro dosing systems, chain conveyors, truss and towers, screw feeders and conveyors, and spout and connections.
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