Ag Growth International (TSE:AFN) Given New C$40.00 Price Target at Royal Bank of Canada

Ag Growth International (TSE:AFN) had its price objective decreased by Royal Bank of Canada from C$45.00 to C$40.00 in a research report report published on Friday morning,BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Several other equities research analysts have also recently issued reports on AFN. 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. ATB Capital lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. CIBC dropped their price objective on shares of Ag Growth International from C$61.00 to C$58.00 in a research note on Thursday, January 30th. Raymond James dropped their price target on shares of Ag Growth International from C$62.00 to C$52.00 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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 1 year low of C$31.60 and a 1 year 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 50 day simple moving average of C$40.41 and a 200-day simple moving average of C$48.35. The company has a market capitalization of C$691.88 million, a P/E 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 declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Tuesday, December 31st. Ag Growth International’s dividend payout ratio (DPR) is presently 47.90%.

Insider Buying and Selling at Ag Growth International

In other Ag Growth International news, Senior Officer Paul David Householder purchased 4,000 shares of Ag Growth International stock in a transaction on Friday, March 7th. The shares were bought 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 stock was acquired at an average cost of C$36.35 per share, for a total transaction of C$218,076.00. 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.