Ag Growth International (TSE:AFN) had its price target reduced by Raymond James from C$70.00 to C$62.00 in a research report sent to investors on Monday, BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for Ag Growth International’s Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.38 EPS, FY2019 earnings at $2.32 EPS and FY2020 earnings at $3.40 EPS.
AFN has been the subject of a number of other research reports. National Bank Financial cut their price objective on shares of Ag Growth International from C$71.00 to C$63.00 and set an outperform rating for the company in a research report on Thursday, August 8th. CIBC cut their price objective on shares of Ag Growth International from C$71.00 to C$61.00 in a research report on Friday, August 9th. TD Securities cut their price objective on shares of Ag Growth International from C$79.00 to C$73.00 and set an action list buy rating for the company in a research report on Friday, August 9th. Finally, Royal Bank of Canada cut their price objective on shares of Ag Growth International from C$65.00 to C$58.00 and set an outperform rating for the company in a research report on Friday, August 9th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Ag Growth International has a consensus rating of Buy and a consensus target price of C$65.33.
TSE:AFN opened at C$43.20 on Monday. The firm has a 50 day simple moving average of C$52.03 and a 200-day simple moving average of C$55.75. The company has a debt-to-equity ratio of 189.57, a current ratio of 1.84 and a quick ratio of 0.93. The firm has a market cap of $788.85 million and a PE ratio of 21.86. Ag Growth International has a 1-year low of C$41.46 and a 1-year high of C$64.72.
The company also recently disclosed a monthly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, September 13th will be given a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Thursday, August 29th. Ag Growth International’s dividend payout ratio is presently 121.46%.
In other news, Director Gary Keith Anderson sold 8,175 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of C$55.05, for a total value of C$450,033.75. Following the completion of the transaction, the director now owns 64,173 shares of the company’s stock, valued at C$3,532,723.65.
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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