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

Ag Growth International Inc. (TSE:AFN - Get Free Report) has received an average rating of "Moderate Buy" from the nine analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$50.13.

Several equities analysts have commented on AFN shares. Atb Cap Markets cut 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 Ag Growth International from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from C$52.00 to C$47.00 in a report on Friday, March 7th. CIBC increased their price target on Ag Growth International from C$48.00 to C$52.00 in a research note on Thursday, April 17th. TD Securities dropped their price objective on Ag Growth International from C$48.00 to C$46.00 and set a "buy" rating on the stock in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada dropped their price objective on 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.

Ag Growth International Stock Performance

Shares of Ag Growth International stock traded down C$0.03 during trading on Friday, hitting C$33.04. 76,692 shares of the stock were exchanged, compared to its average volume of 113,064. The stock's fifty day moving average is C$34.39 and its 200 day moving average is C$43.04. The stock has a market cap of C$631.48 million, a PE ratio of 26.38, a P/E/G ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. Ag Growth International has a 12 month low of C$30.81 and a 12 month high of C$61.44.

Ag Growth International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, March 31st. Ag Growth International's payout ratio is 47.90%.

Insider Activity

In other Ag Growth International news, Senior Officer Paul David Householder acquired 4,000 shares of Ag Growth International 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. Also, Director Janet Giesselman bought 6,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of C$36.35 per share, with a total value of C$218,076.00. Over the last quarter, insiders have acquired 12,000 shares of company stock worth $436,101. 1.06% of the stock is 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.