Ag Growth International Inc. (TSE:AFN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ag Growth International Inc. (TSE:AFN) has earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$50.25.

A number of research firms recently weighed in on AFN. 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 report on Friday, March 7th. Atb Cap Markets cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. TD Securities cut their target price on Ag Growth International from C$48.00 to C$46.00 and set a “buy” rating on the stock in a research note on Tuesday, March 11th. Raymond James raised 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 report on Friday, March 7th. Finally, ATB Capital dropped their price target on Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th.

Insiders Place Their Bets

In other Ag Growth International news, Senior Officer Paul David Householder purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of C$36.01 per share, for a total transaction of C$144,040.00. Also, Director Anne De Greef-Safft acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of C$36.99 per share, with a total value of C$73,985.00. Insiders bought 12,000 shares of company stock valued at $436,101 over the last ninety days. 1.06% of the stock is currently owned by insiders.

Ag Growth International Trading Up 0.5 %

TSE AFN opened at C$34.93 on Tuesday. 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 firm has a market capitalization of C$667.61 million, a P/E ratio of 27.89, a PEG ratio of 1.30 and a beta of 2.29. The business has a fifty day simple moving average of C$36.97 and a 200 day simple moving average of C$46.23. Ag Growth International has a 12 month low of C$31.60 and a 12 month high of C$64.31.

Ag Growth International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.72%. The ex-dividend date is Monday, March 31st. Ag Growth International’s dividend payout ratio (DPR) is 47.90%.

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.