Ag Growth International (TSE:AFN) Price Target Lowered to C$49.00 at Desjardins

Ag Growth International (TSE:AFN) had its target price lowered by Desjardins from C$57.00 to C$49.00 in a research note published 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 recently commented on the stock. Raymond James raised shares of Ag Growth International from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from C$52.00 to C$47.00 in a research note on Friday. 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. CIBC dropped their price target on shares of Ag Growth International from C$61.00 to C$58.00 in a research note on Thursday, January 30th. ATB Capital cut shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Finally, National Bankshares dropped 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Ag Growth International presently has a consensus rating of “Moderate Buy” and an average price target of C$50.50.

Ag Growth International Price Performance

Shares of TSE:AFN opened at C$36.20 on Friday. Ag Growth International has a twelve month low of C$31.60 and a twelve month high of C$64.43. The company’s 50 day moving average is C$40.41 and its 200 day moving average is C$48.35. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The company has a market cap of C$691.88 million, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.66%. Ag Growth International’s dividend payout ratio (DPR) is currently 47.90%.

Insider Activity at Ag Growth International

In related 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 shares were purchased at an average cost of C$36.01 per share, for a total transaction of C$144,040.00. Also, Director Janet Giesselman acquired 6,000 shares of Ag Growth International stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of C$36.35 per share, for a total transaction of C$218,076.00. 1.06% of the stock is owned by 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.