Ag Growth International Inc. (TSE:AFN) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Ag Growth International Inc. (TSE:AFN - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$50.25.

A number of research firms have issued reports on AFN. Royal Bank of Canada decreased their price objective 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 report on Friday, March 7th. National Bankshares reduced their price target 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. Atb Cap Markets cut Ag Growth International from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Desjardins reduced their target price on Ag Growth International from C$57.00 to C$49.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, Raymond James raised Ag Growth International from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from C$52.00 to C$47.00 in a research note on Friday, March 7th.

Insider Buying and Selling

In related news, Senior Officer Paul David Householder purchased 4,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of C$36.01 per share, for a total transaction of C$144,040.00. Also, Director Anne De Greef-Safft acquired 2,000 shares of the stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of C$36.99 per share, with a total value of C$73,985.00. Insiders acquired a total of 12,000 shares of company stock worth $436,101 in the last three months. 1.06% of the stock is owned by corporate insiders.

Ag Growth International Trading Down 5.9 %

Shares of Ag Growth International stock traded down C$2.02 on Tuesday, hitting C$32.02. The stock had a trading volume of 238,273 shares, compared to its average volume of 115,155. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. Ag Growth International has a one year low of C$31.60 and a one year high of C$63.80. The stock's 50-day simple moving average is C$36.43 and its two-hundred day simple moving average is C$45.72. The stock has a market cap of C$611.99 million, a price-to-earnings ratio of 25.56, a PEG ratio of 1.30 and a beta of 2.29.

Ag Growth International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Monday, March 31st. Ag Growth International's dividend payout ratio (DPR) is presently 47.90%.

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.