Ag Growth International Inc. (TSE:AFN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Ag Growth International Inc. (TSE:AFN) has been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$50.25.

Several analysts recently commented on AFN shares. TD Securities reduced 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 report on Tuesday, March 11th. Desjardins decreased their price objective on shares of Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating for the company in a research report on Friday, March 7th. National Bankshares dropped their target price on shares of Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. CIBC decreased their price target on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Finally, Raymond James raised Ag Growth International from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from C$52.00 to C$47.00 in a research report on Friday, March 7th.

Insider Buying and Selling at Ag Growth International

In other Ag Growth International news, Director Janet Giesselman bought 6,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of C$36.35 per share, for a total transaction of C$218,076.00. Also, Director Anne De Greef-Safft purchased 2,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of C$36.99 per share, with a total value of C$73,985.00. Over the last quarter, insiders bought 12,000 shares of company stock valued at $436,101. Company insiders own 1.06% of the company’s stock.

Ag Growth International Trading Down 1.4 %

TSE AFN opened at C$31.58 on Tuesday. The firm has a market capitalization of C$603.58 million, a PE ratio of 25.21, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The business’s 50-day moving average price is C$36.29 and its two-hundred day moving average price is C$45.50. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. Ag Growth International has a 12 month low of C$30.81 and a 12 month high of C$62.40.

Ag Growth International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Monday, March 31st. Ag Growth International’s dividend payout ratio (DPR) is currently 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.