Ag Growth International Inc. (TSE:AFN) Receives C$59.25 Average Price Target from Brokerages

Ag Growth International Inc. (TSE:AFN) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$50.25.

AFN has been the subject of several recent analyst reports. ATB Capital cut their price objective on shares of Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Friday, March 7th. Raymond James raised shares of Ag Growth International from a “market perform” rating to an “outperform” rating and dropped their price target for the company from C$52.00 to C$47.00 in a research note on Friday, March 7th. TD Securities dropped their price target on shares of Ag Growth International from C$48.00 to C$46.00 and set a “buy” rating on the stock in a research report on Tuesday. CIBC decreased their target price on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Finally, Atb Cap Markets lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th.

Ag Growth International Stock Performance

Shares of TSE:AFN opened at C$36.79 on Friday. The firm has a market cap of C$703.16 million, a PE ratio of 29.37, a PEG ratio of 1.30 and a beta of 2.29. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The company’s 50 day moving average price is C$39.85 and its two-hundred day moving average price is C$48.09. Ag Growth International has a 12-month low of C$31.60 and a 12-month high of C$64.43.

Ag Growth International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, December 31st. Ag Growth International’s dividend payout ratio is 47.90%.

Insiders Place Their Bets

In other Ag Growth International news, Director Janet Giesselman purchased 6,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of C$36.35 per share, for a total transaction of C$218,076.00. Also, Senior Officer Paul David Householder purchased 4,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of C$36.01 per share, with a total value of C$144,040.00. 1.06% of the stock is currently owned by insiders.

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.