CIBC Lowers Ag Growth International (TSE:AFN) Price Target to C$58.00

Ag Growth International (TSE:AFN) had its target price decreased by CIBC from C$61.00 to C$58.00 in a research report released on Thursday morning,BayStreet.CA reports.

A number of other equities analysts have also issued reports on the company. ATB Capital lowered Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Raymond James reduced their target price on Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday, January 14th. TD Securities reduced their target price on Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada lowered Ag Growth International from a “moderate buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$60.38.

Ag Growth International Stock Up 2.8 %

Ag Growth International stock opened at C$39.53 on Thursday. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84. The stock has a market capitalization of C$753.84 million, a price-to-earnings ratio of 26.01, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1-year low of C$37.61 and a 1-year high of C$64.51. The business has a fifty day moving average price of C$48.57 and a 200-day moving average price of C$51.65.

Ag Growth International (TSE:AFN) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$1.26 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.66 by C($0.40). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. During the same period last year, the firm posted $1.62 earnings per share. Equities research analysts forecast that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Ag Growth International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.52%. Ag Growth International’s payout ratio is currently 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.