ATB Capital Issues Pessimistic Forecast for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price objective decreased by ATB Capital from C$57.00 to C$46.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. ATB Capital currently has a sector perform rating on the stock.

Other research analysts have also issued reports about the stock. Atb Cap Markets lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. 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. Royal Bank of Canada dropped their price target on shares of Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research report on Friday. Raymond James upgraded shares of Ag Growth International from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from C$52.00 to C$47.00 in a report on Friday. Finally, Desjardins cut their price target on shares of Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating on the stock in a report on Friday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to 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 Stock Performance

Ag Growth International stock opened at C$36.20 on Friday. The firm’s fifty day moving average price is C$40.41 and its 200 day moving average price is C$48.35. The company has a market capitalization of C$691.88 million, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. Ag Growth International has a 12-month low of C$31.60 and a 12-month 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.

Ag Growth International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.66%. Ag Growth International’s dividend payout ratio is 47.90%.

Insider Buying and Selling

In related news, Director Janet Giesselman purchased 6,000 shares of the stock in a transaction 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, Senior Officer Paul David Householder acquired 4,000 shares of Ag Growth International stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of C$36.01 per share, with a total value of C$144,040.00. 1.06% of the stock is currently owned by corporate insiders.

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.