Cormark Expects Reduced Earnings for Ag Growth International

Ag Growth International Inc. (TSE:AFN) – Analysts at Cormark reduced their FY2025 earnings estimates for shares of Ag Growth International in a note issued to investors on Wednesday, May 7th. Cormark analyst K. Mcphee now expects that the company will earn $3.86 per share for the year, down from their previous estimate of $4.20. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share.

Several other research analysts have also recently issued reports on the company. Desjardins increased their price target on Ag Growth International from C$46.00 to C$47.00 and gave the stock a “buy” rating in a research note on Wednesday. CIBC lowered their target price on shares of Ag Growth International from C$52.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Wednesday. Atb Cap Markets lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. ATB Capital lowered their price objective on shares of Ag Growth International from C$46.00 to C$43.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, TD Securities upped their target price on Ag Growth International from C$46.00 to C$48.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$47.86.

Ag Growth International Stock Performance

AFN opened at C$38.72 on Thursday. Ag Growth International has a twelve month low of C$30.81 and a twelve month high of C$58.14. The stock has a market cap of C$740.04 million, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The business’s 50 day moving average is C$34.19 and its 200-day moving average is C$42.16. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31.

Ag Growth International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.15 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.55%. Ag Growth International’s dividend payout ratio (DPR) is 47.90%.

Insider Buying and Selling at Ag Growth International

In other news, Director Janet Giesselman acquired 6,000 shares of the stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of C$36.35 per share, for a total transaction of C$218,076.00. Also, Director Anne De Greef-Safft bought 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of C$36.99 per share, with a total value of C$73,985.00. Over the last 90 days, insiders have purchased 12,000 shares of company stock valued at $436,101. Corporate insiders own 1.06% of the company’s stock.

Ag Growth International Company Profile

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.