Cormark Issues Pessimistic Forecast for TSE:AFN Earnings

Ag Growth International Inc. (TSE:AFN) – Investment analysts at Cormark cut their FY2025 earnings per share estimates for shares of Ag Growth International in a research note issued on Wednesday, May 7th. Cormark analyst K. Mcphee now anticipates that the company will post earnings of $3.86 per share for the year, down from their prior estimate of $4.20. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share.

A number of other brokerages have also recently weighed in on AFN. Royal Bank of Canada raised shares of Ag Growth International from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$40.00 to C$50.00 in a research report on Thursday. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. CIBC lowered their price objective on shares of Ag Growth International from C$52.00 to C$49.00 and set an “outperform” rating for the company in a research report on Wednesday. Desjardins upped their target price on shares of Ag Growth International from C$46.00 to C$47.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, National Bankshares lifted their price target on shares of Ag Growth International from C$49.00 to C$51.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Ag Growth International presently has a consensus rating of “Moderate Buy” and an average target price of C$47.86.

Ag Growth International Trading Up 1.0 %

Shares of AFN stock opened at C$38.72 on Thursday. Ag Growth International has a fifty-two week low of C$30.81 and a fifty-two week high of C$58.14. The firm’s 50 day moving average price is C$34.19 and its two-hundred day moving average price is C$42.16. The stock has a market cap of C$740.04 million, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31.

Insider Buying and Selling

In other Ag Growth International news, Director Anne De Greef-Safft bought 2,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of C$36.99 per share, with a total value of C$73,985.00. Also, Director Janet Giesselman purchased 6,000 shares of Ag Growth International stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of C$36.35 per share, for a total transaction of C$218,076.00. Over the last three months, insiders bought 12,000 shares of company stock worth $436,101. Corporate insiders own 1.06% of the company’s stock.

Ag Growth International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.15 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.55%. Ag Growth International’s dividend payout ratio (DPR) is presently 47.90%.

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.