Raymond James Research Analysts Lift Earnings Estimates for Ag Growth International Inc. (TSE:AFN) (2024)

Ag Growth International Inc. (TSE:AFN – Free Report) – Equities researchers at Raymond James lifted their Q3 2024 EPS estimates for shares of Ag Growth International in a research note issued on Thursday, August 8th. Raymond James analyst S. Hansen now forecasts that the company will earn $2.37 per share for the quarter, up from their prior forecast of $2.35. The consensus estimate for Ag Growth International’s current full-year earnings is $6.06 per share. Raymond James also issued estimates for Ag Growth International’s FY2024 earnings at $6.95 EPS and FY2025 earnings at $7.41 EPS.

Several other equities analysts have also recently issued reports on AFN. Scotiabank lowered their price target on Ag Growth International from C$88.00 to C$75.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. ATB Capital lowered their target price on 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. National Bankshares dropped their price target on shares of Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Finally, Desjardins reduced their price objective on shares of Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$78.22.

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Ag Growth International Price Performance

TSE AFN opened at C$53.99 on Monday. Ag Growth International has a 12 month low of C$45.96 and a 12 month high of C$64.51. The firm has a market capitalization of C$1.03 billion, a PE ratio of 35.52, a P/E/G ratio of 1.30 and a beta of 2.37. The company’s 50 day simple moving average is C$53.01 and its 200 day simple moving average is C$55.53. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.11%. Ag Growth International’s dividend payout ratio is currently 39.47%.

About Ag Growth International

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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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