Ag Growth International’s (AFN) Outperform Rating Reaffirmed at Raymond James

Raymond James restated their outperform rating on shares of Ag Growth International (TSE:AFN) in a report released on Monday morning. They currently have a C$70.00 target price on the stock.

Separately, Desjardins reiterated a buy rating on shares of Ag Growth International in a report on Wednesday, February 6th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of C$70.67.

TSE:AFN opened at C$60.27 on Monday. Ag Growth International has a 52 week low of C$43.76 and a 52 week high of C$64.72. The company has a debt-to-equity ratio of 128.17, a current ratio of 1.71 and a quick ratio of 0.75. The firm has a market cap of $1.10 billion and a P/E ratio of 38.63.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Thursday, March 14th. The company reported C$0.66 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.12 by C$0.54. The firm had revenue of C$215.68 million for the quarter, compared to the consensus estimate of C$194.35 million. Equities research analysts expect that Ag Growth International will post 4.07000022217191 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Saturday, March 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, March 28th. This represents a $2.40 dividend on an annualized basis and a yield of 3.98%. Ag Growth International’s dividend payout ratio is currently 153.85%.

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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Analyst Recommendations for Ag Growth International (TSE:AFN)

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