Ag Growth International Inc (TSE:AFN) – Stock analysts at National Bank Financial lowered their FY2018 earnings per share (EPS) estimates for Ag Growth International in a report issued on Thursday, February 7th. National Bank Financial analyst G. Colman now forecasts that the company will post earnings of $2.98 per share for the year, down from their prior estimate of $3.51. National Bank Financial currently has a “Outperform” rating and a $71.00 target price on the stock. National Bank Financial also issued estimates for Ag Growth International’s FY2019 earnings at $3.33 EPS and FY2020 earnings at $3.62 EPS.
Several other brokerages have also recently issued reports on AFN. Raymond James raised their price objective on Ag Growth International from C$65.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. Royal Bank of Canada reduced their price objective on Ag Growth International from C$70.00 to C$65.00 and set an “outperform” rating for the company in a research note on Friday, November 9th. TD Securities reduced their price objective on Ag Growth International from C$80.00 to C$78.00 and set an “action list buy” rating for the company in a research note on Friday, October 26th. Finally, Desjardins restated a “buy” rating on shares of Ag Growth International in a research note on Wednesday, February 6th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of C$70.29.
Shares of TSE:AFN opened at C$53.39 on Monday. Ag Growth International has a 52-week low of C$43.76 and a 52-week high of C$64.72. The stock has a market capitalization of $974.38 million and a PE ratio of 24.35. The company has a debt-to-equity ratio of 203.59, a current ratio of 2.01 and a quick ratio of 0.88.
The company also recently disclosed a monthly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 15th will be paid a $0.20 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Wednesday, February 27th. Ag Growth International’s payout ratio is 110.80%.
Ag Growth International Company Profile
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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