Brokerages Set Ag Growth International Inc (TSE:AFN) Price Target at C$71.80

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Shares of Ag Growth International Inc (TSE:AFN) have earned a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$71.80.

Separately, Raymond James set a $31.00 price target on shares of Mylan and gave the company a “buy” rating in a research report on Wednesday, May 8th.

In other Ag Growth International news, Director Gary Keith Anderson sold 8,175 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of C$55.05, for a total transaction of C$450,033.75. Following the sale, the director now owns 64,173 shares of the company’s stock, valued at C$3,532,723.65.

TSE AFN traded down C$0.01 on Friday, reaching C$53.40. The company had a trading volume of 22,450 shares, compared to its average volume of 62,724. The firm has a market cap of $990.98 million and a price-to-earnings ratio of 27.08. Ag Growth International has a fifty-two week low of C$43.76 and a fifty-two week high of C$64.72. The business has a 50 day moving average price of C$54.05. The company has a current ratio of 1.84, a quick ratio of 0.93 and a debt-to-equity ratio of 189.57.

Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.27 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.37 by C($0.10). The business had revenue of C$216.20 million for the quarter, compared to analyst estimates of C$222.98 million. On average, equities research analysts forecast that Ag Growth International will post 4.0700003 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, July 30th. This represents a $2.40 dividend on an annualized basis and a yield of 4.49%. Ag Growth International’s dividend payout ratio (DPR) is currently 121.46%.

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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