ATB Capital Has Lowered Expectations for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN - Free Report) had its target price cut by ATB Capital from C$57.00 to C$46.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

AFN has been the topic of a number of other research reports. National Bankshares decreased their price target on shares of Ag Growth International from C$55.00 to C$51.00 and set an "outperform" rating on the stock in a research note on Friday. Royal Bank of Canada decreased their price target 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. Raymond James raised shares of Ag Growth International from a "market perform" rating to an "outperform" rating and decreased their price target for the company from C$52.00 to C$47.00 in a research note on Friday. CIBC decreased their price target on shares of Ag Growth International from C$56.00 to C$48.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, Atb Cap Markets downgraded shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$50.25.

Remove Ads

Ag Growth International Price Performance

Shares of AFN stock traded up C$0.16 during mid-day trading on Friday, hitting C$36.79. The company had a trading volume of 134,163 shares, compared to its average volume of 117,222. Ag Growth International has a 52-week low of C$31.60 and a 52-week high of C$64.43. The stock's 50 day moving average price is C$39.85 and its 200-day moving average price is C$48.09. 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 company has a market capitalization of C$703.16 million, a P/E ratio of 29.37, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, December 31st. Ag Growth International's dividend payout ratio (DPR) is 47.90%.

Insider Buying and Selling at Ag Growth International

In related news, Director Janet Giesselman purchased 6,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of C$36.35 per share, for a total transaction of C$218,076.00. Also, Senior Officer Paul David Householder purchased 4,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average price of C$36.01 per share, for a total transaction of C$144,040.00. Company insiders own 1.06% of the company's stock.

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.