Ag Growth International Inc. (TSE:AFN) Announces Quarterly Dividend of $0.15

Ag Growth International Inc. (TSE:AFN) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.15 per share on Tuesday, April 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Monday, March 31st.

Ag Growth International Stock Down 0.9 %

AFN stock traded down C$0.30 during trading on Friday, reaching C$34.76. The stock had a trading volume of 158,651 shares, compared to its average volume of 113,755. Ag Growth International has a 1-year low of C$31.60 and a 1-year high of C$64.31. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The firm has a fifty day moving average price of C$37.10 and a 200 day moving average price of C$46.46. The company has a market capitalization of C$664.36 million, a P/E ratio of 27.75, a PEG ratio of 1.30 and a beta of 2.29.

Analyst Upgrades and Downgrades

AFN has been the subject of several recent research reports. National Bankshares lowered their price objective on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Raymond James upgraded shares of Ag Growth International from a “market perform” rating to an “outperform” rating and lowered their price target for the company from C$52.00 to C$47.00 in a report on Friday, March 7th. TD Securities cut 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 report on Tuesday, March 11th. Atb Cap Markets downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada dropped their target price on shares of Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Ag Growth International has a consensus rating of “Moderate Buy” and a consensus price target of C$50.25.

Insider Buying and Selling

In other news, Director Anne De Greef-Safft acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of C$36.99 per share, for a total transaction of C$73,985.00. Also, Senior Officer Paul David Householder bought 4,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of C$36.01 per share, for a total transaction of C$144,040.00. Insiders purchased a total of 12,000 shares of company stock valued at $436,101 over the last three months. Corporate insiders own 1.06% of the company’s stock.

About Ag Growth International

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.