Ag Growth International (TSE:AFN) Given New C$46.00 Price Target at TD Securities

Ag Growth International (TSE:AFN) had its price objective reduced by TD Securities from C$48.00 to C$46.00 in a research report released on Tuesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada cut their price target on shares of Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Friday, March 7th. 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. Raymond James raised shares of Ag Growth International from a “market perform” rating to an “outperform” rating and cut their price target for the company from C$52.00 to C$47.00 in a research note on Friday, March 7th. National Bankshares cut their price target on shares of Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Finally, CIBC cut their price target on shares of Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.25.

Ag Growth International Stock Up 0.4 %

Ag Growth International stock opened at C$36.79 on Tuesday. The company’s 50 day simple moving average is C$39.85 and its 200 day simple moving average is C$48.09. Ag Growth International has a fifty-two week low of C$31.60 and a fifty-two week high of C$64.43. The firm has a market capitalization of C$703.16 million, a price-to-earnings ratio of 29.37, a PEG ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84.

Ag Growth International Dividend Announcement

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

Insider Activity at Ag Growth International

In other news, Director Janet Giesselman acquired 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of C$36.35 per share, with a total value of C$218,076.00. Also, Senior Officer Paul David Householder acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were purchased 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 corporate 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.