Ag Growth International (TSE:AFN) PT Raised to C$65.00 at Scotiabank

Ag Growth International (TSE:AFNGet Rating) had its price target boosted by Scotiabank from C$55.00 to C$65.00 in a report published on Monday, BayStreet.CA reports.

Other equities analysts have also issued research reports about the company. National Bankshares raised their price target on Ag Growth International from C$52.00 to C$53.00 and gave the stock an outperform rating in a report on Thursday, November 10th. CIBC boosted their target price on Ag Growth International from C$48.00 to C$53.00 and gave the company an outperform rating in a report on Friday, November 18th. TD Securities upped their price target on Ag Growth International from C$49.00 to C$53.00 and gave the stock a buy rating in a research note on Friday, November 11th. Cormark lifted their price objective on shares of Ag Growth International from C$51.00 to C$63.00 in a research report on Thursday, November 10th. Finally, Raymond James upped their price objective on shares of Ag Growth International from C$50.00 to C$55.00 and gave the stock an outperform rating in a research report on Thursday, November 10th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of C$57.63.

Ag Growth International Price Performance

AFN stock opened at C$48.04 on Monday. The company has a current ratio of 1.81, a quick ratio of 0.84 and a debt-to-equity ratio of 293.33. The company has a market capitalization of C$907.76 million and a P/E ratio of 85.79. The business has a 50 day simple moving average of C$43.55 and a 200-day simple moving average of C$38.16. Ag Growth International has a twelve month low of C$28.80 and a twelve month high of C$48.95.

Ag Growth International (TSE:AFNGet Rating) last issued its quarterly earnings results on Tuesday, November 8th. The company reported C$1.41 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.18 by C$0.23. The business had revenue of C$402.07 million for the quarter, compared to analyst estimates of C$388.38 million. As a group, equities analysts anticipate that Ag Growth International will post 4.1099999 EPS for the current year.

Ag Growth International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, December 29th. Ag Growth International’s dividend payout ratio is currently 107.14%.

Ag Growth International Company Profile

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Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain and rice handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers storage equipment comprising grain and bolted bins, hopper bins, smooth wall bins, temporary storage equipment, unloads and sweeps, water tanks, fuel tanks; and conditioning equipment, such as mixed flow dryers, fans and heaters, aerations, airaugers, aeration floors, vents and exhausters, stirrings, and accessories.

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Analyst Recommendations for Ag Growth International (TSE:AFN)

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