FY2019 EPS Estimates for Ag Growth International Inc (AFN) Boosted by National Bank Financial

Ag Growth International Inc (TSE:AFN) – National Bank Financial boosted their FY2019 earnings estimates for shares of Ag Growth International in a research report issued to clients and investors on Monday, March 11th. National Bank Financial analyst G. Colman now forecasts that the company will post earnings per share of $3.43 for the year, up from their previous forecast of $3.35.

Separately, Desjardins reaffirmed a “buy” rating on shares of Ag Growth International in a research note on Wednesday, February 6th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Ag Growth International has an average rating of “Buy” and an average target price of C$70.29.

TSE:AFN opened at C$60.64 on Thursday. The company has a debt-to-equity ratio of 203.59, a quick ratio of 0.88 and a current ratio of 2.01. Ag Growth International has a fifty-two week low of C$43.76 and a fifty-two week high of C$64.72. The stock has a market cap of $1.08 billion and a price-to-earnings ratio of 28.00.

The firm also recently announced a monthly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, February 27th. This represents a $2.40 annualized dividend and a yield of 3.96%. Ag Growth International’s dividend payout ratio (DPR) is presently 110.80%.

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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