Ag Growth International Inc. (TSE:AFN) Receives Consensus Rating of "Moderate Buy" from Brokerages

Ag Growth International Inc. (TSE:AFN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine analysts 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 objective among brokers that have issued a report on the stock in the last year is C$50.50.

A number of analysts have recently issued reports on the company. TD Securities dropped their target price on Ag Growth International from C$57.00 to C$48.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Royal Bank of Canada dropped their price target 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 research note on Friday. 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. ATB Capital cut their target price on shares of Ag Growth International from C$57.00 to C$46.00 and set a "sector perform" rating on the stock in a research note on Friday. Finally, 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 report on Friday.

Ag Growth International Stock Up 1.2 %

TSE AFN traded up C$0.43 during trading hours on Friday, hitting C$36.63. The company had a trading volume of 145,301 shares, compared to its average volume of 116,861. The firm's 50 day moving average is C$40.41 and its 200 day moving average is C$48.35. The company has a market capitalization of C$700.10 million, a price-to-earnings ratio of 29.25, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a fifty-two week low of C$31.60 and a fifty-two week high of C$64.43. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84.

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Ag Growth International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Tuesday, December 31st. Ag Growth International's dividend payout ratio (DPR) is currently 47.90%.

Insider Transactions at Ag Growth International

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