Ag Growth International (TSE:AFN) Sets New 12-Month Low at $46.13

Ag Growth International Inc. (TSE:AFN) shares reached a new 52-week low during trading on Thursday . The company traded as low as C$46.13 and last traded at C$46.13, with a volume of 10048 shares trading hands. The stock had previously closed at C$46.81.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. ATB Capital cut their target price on Ag Growth International from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 30th. TD Securities upped their target price on Ag Growth International from C$75.00 to C$83.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Royal Bank of Canada upped their target price on Ag Growth International from C$75.00 to C$80.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. Scotiabank cut their target price on Ag Growth International from C$88.00 to C$75.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Finally, Raymond James increased their price objective on Ag Growth International from C$64.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$78.22.

Ag Growth International Stock Performance

The company has a current ratio of 1.26, a quick ratio of 0.84 and a debt-to-equity ratio of 287.14. The stock has a market cap of C$878.28 million, a price-to-earnings ratio of 17.21, a P/E/G ratio of 1.30 and a beta of 2.37. The firm’s 50-day moving average is C$57.39 and its two-hundred day moving average is C$55.21.

Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Monday, April 29th. The company reported C$0.39 EPS for the quarter, missing the consensus estimate of C$0.73 by C($0.34). The firm had revenue of C$314.60 million for the quarter, compared to analysts’ expectations of C$360.57 million. Ag Growth International had a return on equity of 17.89% and a net margin of 3.64%. As a group, sell-side analysts expect that Ag Growth International Inc. will post 6.0586735 earnings per share for the current year.

Ag Growth International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 1.30%. Ag Growth International’s payout ratio is 22.06%.

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.