Ag Growth International (TSE:AFN) Price Target Raised to C$48.00

Ag Growth International (TSE:AFN) had its target price hoisted by TD Securities from C$46.00 to C$48.00 in a research report report published on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. CIBC increased their target price on shares of Ag Growth International from C$48.00 to C$52.00 in a report on Thursday, April 17th. Desjardins increased their target price on shares of Ag Growth International from C$46.00 to C$47.00 and gave the company a “buy” rating in a research note on Wednesday. National Bankshares increased their price target on Ag Growth International from C$49.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada cut their target price on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Friday, March 7th. Finally, Atb Cap Markets cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$47.86.

Ag Growth International Price Performance

Shares of TSE AFN opened at C$38.72 on Wednesday. Ag Growth International has a twelve month low of C$30.81 and a twelve month high of C$58.14. The company has a 50 day moving average of C$34.19 and a 200 day moving average of C$42.16. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The firm has a market cap of C$740.04 million, a P/E ratio of 30.91, a PEG ratio of 1.30 and a beta of 2.29.

Ag Growth International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Monday, March 31st. Ag Growth International’s dividend payout ratio is currently 47.90%.

Insiders Place Their Bets

In other news, Director Anne De Greef-Safft purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of C$36.99 per share, for a total transaction of C$73,985.00. Also, Senior Officer Paul David Householder bought 4,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of C$36.01 per share, with a total value of C$144,040.00. Insiders acquired a total of 12,000 shares of company stock valued at $436,101 over the last quarter. 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.