Ag Growth International (TSE:AFN) Sets New 1-Year Low – Here’s Why

Shares of Ag Growth International Inc. (TSE:AFN) reached a new 52-week low on Monday . The stock traded as low as C$38.80 and last traded at C$38.85, with a volume of 104632 shares. The stock had previously closed at C$39.83.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD Securities reduced their price target on shares of Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. CIBC decreased their price target on Ag Growth International from C$72.00 to C$61.00 in a research note on Tuesday, January 14th. ATB Capital cut shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. Royal Bank of Canada lowered Ag Growth International from a “moderate buy” rating to a “hold” rating in a research note on Thursday. Finally, Atb Cap Markets downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Ag Growth International currently has an average rating of “Moderate Buy” and an average price target of C$67.25.

Ag Growth International Trading Down 2.5 %

The company has a fifty day simple moving average of C$49.66 and a two-hundred day simple moving average of C$52.04. The company has a market capitalization of C$740.87 million, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN) last posted its earnings results on Tuesday, November 5th. The company reported C$1.26 earnings per share for the quarter, missing the consensus estimate of C$1.66 by C($0.40). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. During the same period last year, the business earned $1.62 earnings per share. On average, analysts forecast that Ag Growth International Inc. will post 6.5761006 earnings per share for the current fiscal year.

Ag Growth International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.54%. Ag Growth International’s dividend payout ratio (DPR) is presently 39.47%.

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.