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

Ag Growth International (TSE:AFN - Free Report) had its price target lowered by Desjardins from C$57.00 to C$49.00 in a research note issued to investors on Friday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for Ag Growth International's FY2026 earnings at $4.43 EPS.

A number of other equities research analysts have also issued reports on the stock. ATB Capital lowered shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from C$79.00 to C$63.00 in a report on Tuesday, January 14th. Raymond James raised shares of Ag Growth International from a "market perform" rating to an "outperform" rating and cut their price target for the stock from C$52.00 to C$47.00 in a report on Friday. TD Securities cut their price target on shares of Ag Growth International from C$57.00 to C$48.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. 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. Finally, Royal Bank of Canada cut 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 report on Friday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Ag Growth International currently has an average rating of "Moderate Buy" and a consensus target price of C$50.25.

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Ag Growth International Trading Up 0.4 %

Ag Growth International stock traded up C$0.16 during trading hours on Friday, reaching C$36.79. The stock had a trading volume of 134,163 shares, compared to its average volume of 117,222. The stock has a market cap of C$703.16 million, a PE ratio of 29.37, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a 52 week low of C$31.60 and a 52 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. The company has a fifty day simple moving average of C$39.85 and a 200-day simple moving average of C$48.09.

Ag Growth International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.63%. Ag Growth International's dividend payout ratio is 47.90%.

Insider Transactions at Ag Growth International

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

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.