Ag Growth International, INC is represented on the Toronto Stock Exchange by the ticker TSE: AFN. On Thursday, February 2, fairness specialists from National Bank Financial offered their projections to traders concerning the earnings that Ag Growth International is expected to make through the fiscal year 2024.
By the forecasts offered by M. Sytchev of National Bank Financial, the corporate is anticipated to generate earnings per share of $4.61 over the present year.
The inventory of National Bank Financial was given the score of “outperform market weight,” which signifies that the corporate’s inventory will carry out higher than the market common.
According to the newest consensus estimate, the annual revenue forecast for Ag Growth International is expected to come in at $4.11 per share when the corporate experiences its outcomes.
The most up-to-date quarterly outcomes report for Ag Growth International (TSE: AFN) was revealed and made out there to the general public on November 8.
Earnings per share for the corporate got here in at 1.41 Canadian {dollars}, which was $0.23 greater than the analysts’ consensus projection of $1.18 for the quarter.
The firm reported precise gross sales for the quarter of $402.07 million, which have been considerably larger than the consensus projection of $388.38 million.
On Monday, the value at which buying and selling started on the TSE AFN was 53.94 Canadian {dollars}.
The firm’s inventory has traded at a transferring common value of 39.34 Canadian {dollars} over the previous 200 days, whereas its value has traded at a transferring common of 45.01 Canadian {dollars} over the past 50 days.
The debt-to-equity ratio is calculated to be 293.33, the short ratio is calculated to be 0.84, and the present ratio is calculated to be 1.81.
The enterprise has a price-to-earnings ratio of 96.32 and is at the moment estimated to be value 1.02 billion Canadian {dollars}.
During the previous year, the value of Ag Growth International has moved in a variety that has seen it go from a low of 28.80 Canadian Dollars to a excessive of 54.06 Canadian Dollars.
Other analysis analysts have additionally just lately issued experiences on the inventory which have solely just lately change into public.
These experiences have been launched just lately. National Bankshares elevated their value goal on Ag Growth International inventory and moved it up from an “underperform” score they’d beforehand assigned to the corporate.
These modifications have been introduced in a report revealed on Thursday, November 10.
ATB Capital said in a analysis report launched on Thursday, November 10, that the value goal they’ve set for Ag Growth International shares has decreased from C$65.50 to C$64.00.
The report was revealed in Canada. Cormark elevated its value goal for Ag Growth International shares from $63.00 to $73.00 in a analysis report that was made public on Friday.
In a report launched on Friday, Raymond James elevated their value goal on shares of Ag Growth International from C$55.00 to C$64.00 and gave the inventory an “outperform” score.
TD Securities had beforehand really helpful “maintain” for Ag Growth International; nevertheless, in a report revealed on Friday, the corporate modified its score to “purchase” and elevated its value goal from C$53.00 to C$66.00.
TD Securities additionally raised its value goal for the enterprise.
According to the information offered by Bloomberg, eight analysts specializing in fairness analysis have really helpful that traders buy the inventory.
The consensus value goal for the corporate is at the moment set at 61.63 Canadian {dollars}, and the common score for the corporate is now “purchase.”
Additionally, the company declared a quarterly dividend, which was paid out on the thirteenth of this month (Friday). On Friday, December 30, $0.15 dividend funds per share have been mailed out to stockholders who already had their info on file.
This equates to an annual dividend cost of $0.60 and a yield of 1.11% for the funding over the year.
Thursday, December 29, was the day that the dividend was disbursed; that day was additionally the month of December. Currently, 107.14% of Ag Growth International’s earnings are distributed as dividends to the corporate’s shareholders.
The grain and rice dealing with, storage, and conditioning gear manufactured and bought by Ag Growth International INC are distributed in Canada, the United States of America, and the remainder of the world by way of the corporate’s subsidiaries.
The enterprise supplies clients with a choice of grain and bolted bins, hopper bins, easy wall bins, short-term storage gear, unloads and sweeps, water tanks, and gasoline tanks, in addition to gear for conditioning, together with combined circulation dryers, followers, and heaters, aerations, air drills, aeration flooring, vents and exhausters, stirrings, and equipment.
In addition, the corporate is in the enterprise of promoting vents, aerations, air drills, and aeration flooring.
Categorized in:
