Ag Growth International Inc. (TSE:AFN) Given Average Rating of “Moderate Buy” by Analysts

Ag Growth International Inc. (TSE:AFN) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$50.25.

A number of analysts recently weighed in on AFN shares. Royal Bank of Canada decreased their price objective on 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. ATB Capital decreased their price target on Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. National Bankshares reduced their target price on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Finally, CIBC decreased their target price on shares of Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating for the company in a research report on Friday, March 7th.

Insider Activity at Ag Growth International

In other news, Senior Officer Paul David Householder bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of C$36.01 per share, for a total transaction of C$144,040.00. Also, Director Anne De Greef-Safft purchased 2,000 shares of Ag Growth International stock in a transaction that occurred on 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. Insiders have purchased 12,000 shares of company stock worth $436,101 in the last quarter. Company insiders own 1.06% of the company’s stock.

Ag Growth International Stock Up 0.5 %

Shares of TSE AFN opened at C$34.93 on Tuesday. 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 debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The firm has a market cap of C$667.61 million, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a 50 day simple moving average of C$36.97 and a 200 day simple moving average of C$46.23.

Ag Growth International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Monday, March 31st. Ag Growth International’s dividend payout ratio (DPR) is 47.90%.

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.