National Bankshares Lowers Ag Growth International (TSE:AFN) Price Target to C$49.00

Ag Growth International (TSE:AFN - Free Report) had its price target reduced by National Bankshares from C$51.00 to C$49.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the company. Atb Cap Markets cut Ag Growth International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Raymond James raised shares of Ag Growth International from a "market perform" rating to an "outperform" rating and lowered their price target for the company from C$52.00 to C$47.00 in a report on Friday, March 7th. Desjardins reduced their price objective on shares of Ag Growth International from C$57.00 to C$49.00 and set a "buy" rating for the company in a report on Friday, March 7th. Royal Bank of Canada lowered their target price 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. Finally, TD Securities cut their price objective on Ag Growth International from C$48.00 to C$46.00 and set a "buy" rating for the company in a report on Tuesday, March 11th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$50.00.

Ag Growth International Stock Up 4.5 %

Shares of TSE:AFN traded up C$1.41 on Wednesday, reaching C$32.99. The company had a trading volume of 130,118 shares, compared to its average volume of 118,443. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The stock has a market capitalization of C$630.53 million, a P/E ratio of 26.34, a P/E/G ratio of 1.30 and a beta of 2.29. The stock has a 50-day moving average price of C$35.57 and a 200 day moving average price of C$44.66. Ag Growth International has a twelve month low of C$30.81 and a twelve month high of C$62.37.

Ag Growth International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.15 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.82%. Ag Growth International's dividend payout ratio (DPR) is presently 47.90%.

Insiders Place Their Bets

In other news, Senior Officer Paul David Householder bought 4,000 shares of the 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 Anne De Greef-Safft purchased 2,000 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of C$36.99 per share, for a total transaction of C$73,985.00. Insiders have acquired 12,000 shares of company stock valued at $436,101 in the last ninety days. 1.06% of the stock is currently owned by 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.