Ag Growth International (AFN) Reaches New 12-Month Low at $51.53

Ag Growth International Inc (TSE:AFN) reached a new 52-week low during trading on Tuesday . The company traded as low as C$51.53 and last traded at C$51.53, with a volume of 28429 shares trading hands. The stock had previously closed at C$53.63.

AFN has been the topic of a number of analyst reports. Royal Bank of Canada upped their price target on Ag Growth International from C$65.00 to C$70.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Raymond James upped their price target on Ag Growth International from C$65.00 to C$70.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. TD Securities upped their target price on Ag Growth International from C$73.00 to C$80.00 and gave the company an “action list buy” rating in a research report on Friday, August 10th. National Bank Financial restated an “outperform” rating and set a C$71.00 target price on shares of Ag Growth International in a research report on Friday, October 26th. Finally, Cormark restated a “buy” rating and set a C$75.00 target price on shares of Ag Growth International in a research report on Monday, August 27th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$70.25.

The company has a current ratio of 2.01, a quick ratio of 0.88 and a debt-to-equity ratio of 203.59.

Ag Growth International (TSE:AFN) last announced its earnings results on Wednesday, November 7th. The company reported C$0.74 EPS for the quarter, missing the consensus estimate of C$1.11 by C($0.37). The company had revenue of C$242.17 million during the quarter, compared to the consensus estimate of C$245.20 million. On average, equities analysts expect that Ag Growth International Inc will post 3.45773707839205 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, December 14th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, November 29th. This represents a $2.40 annualized dividend and a dividend yield of 4.78%. Ag Growth International’s payout ratio is 110.80%.

In related news, Director Gary Keith Anderson sold 10,600 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of C$63.72, for a total transaction of C$675,432.00.

WARNING: “Ag Growth International (AFN) Reaches New 12-Month Low at $51.53” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.com-unik.info/2018/12/04/ag-growth-international-afn-reaches-new-12-month-low-at-51-53.html.

About Ag Growth International (TSE:AFN)

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.

Featured Article: 52-Week High/Low Prices For Stock Selection

Receive News & Ratings for Ag Growth International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ag Growth International and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit