Ag Growth International (TSE:AFN) Price Target Cut to C$48.00 by Analysts at CIBC

Ag Growth International (TSE:AFN) had its target price cut by CIBC from C$56.00 to C$48.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently commented on the stock. 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. Royal Bank of Canada reduced 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 report on Friday. Raymond James upgraded shares of Ag Growth International from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from C$52.00 to C$47.00 in a research report on Friday. TD Securities reduced 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 research report on Wednesday, March 5th. Finally, ATB Capital downgraded shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.50.

Ag Growth International Stock Up 2.8 %

Shares of TSE:AFN opened at C$36.20 on Friday. 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 quick ratio of 0.84 and a current ratio of 1.41. The company’s fifty 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$691.88 million, a PE ratio of 28.90, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.66%. Ag Growth International’s payout ratio is 47.90%.

Insider Buying and Selling

In other news, Senior Officer Paul David Householder purchased 4,000 shares of Ag Growth International stock in a transaction on Friday, March 7th. The stock was purchased at an average price of C$36.01 per share, with a total value of C$144,040.00. Also, Director Janet Giesselman purchased 6,000 shares of Ag Growth International 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. 1.06% of the stock is owned by company insiders.

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.