Ag Growth International (TSE:AFN) Sets New 1-Year Low at $46.13 (2024)

Ag Growth International Inc. (TSE:AFN – Get Free Report)’s stock price 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 changing hands. The stock had previously closed at C$46.81.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AFN. Raymond James increased their price target on shares of Ag Growth International from C$64.00 to C$72.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. ATB Capital dropped their target price on shares of Ag Growth International from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. Desjardins dropped their target price on shares of Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Royal Bank of Canada raised their target price on shares of Ag Growth International from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. Finally, National Bankshares dropped their target price on shares of Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$78.22.

View Our Latest Analysis on AFN

Ag Growth International Stock Performance

The company has a debt-to-equity ratio of 286.90, a quick ratio of 0.84 and a current ratio of 1.26. The firm has a market cap of C$885.91 million, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 1.30 and a beta of 2.37. The firm’s fifty day moving average price is C$56.74 and its 200 day moving average price is C$55.12.

Ag Growth International (TSE:AFN – Get Free Report) last issued its quarterly earnings results on Monday, April 29th. The company reported C$0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.73 by C($0.34). Ag Growth International had a net margin of 3.64% and a return on equity of 17.89%. The company had revenue of C$314.60 million for the quarter, compared to analyst estimates of C$360.57 million. Sell-side analysts expect that Ag Growth International Inc. will post 6.069281 EPS for the current fiscal year.

Ag Growth International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.29%. Ag Growth International’s payout ratio is currently 22.06%.

About Ag Growth International

(Get Free Report)

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.

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