Ag Growth International (TSE:AFN) Price Target Lowered to C$43.00 at ATB Capital

Ag Growth International (TSE:AFN) had its price target trimmed by ATB Capital from C$46.00 to C$43.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other research firms have also commented on AFN. Raymond James raised shares of Ag Growth International from a “market perform” rating to an “outperform” rating and decreased their target price for the company from C$52.00 to C$47.00 in a report on Friday, March 7th. CIBC upped their price target on shares of Ag Growth International from C$48.00 to C$52.00 in a report on Thursday, April 17th. Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. TD Securities lowered their target price on Ag Growth International from C$48.00 to C$46.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Finally, Desjardins reduced their price target on Ag Growth International from C$49.00 to C$46.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ag Growth International presently has a consensus rating of “Moderate Buy” and an average price target of C$47.86.

Ag Growth International Stock Up 1.0 %

AFN stock opened at C$38.72 on Wednesday. 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 business’s fifty day moving average price is C$34.19 and its two-hundred day moving average price is C$42.16. Ag Growth International has a fifty-two week low of C$30.81 and a fifty-two week high of C$58.14. The stock has a market capitalization of C$740.04 million, a price-to-earnings ratio of 30.91, a PEG ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

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

Insider Transactions at Ag Growth International

In other Ag Growth International news, Director Janet Giesselman purchased 6,000 shares of Ag Growth International 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, Senior Officer Paul David Householder purchased 4,000 shares of Ag Growth International stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of C$36.01 per share, for a total transaction of C$144,040.00. Over the last 90 days, insiders acquired 12,000 shares of company stock valued at $436,101. 1.06% of the stock is owned by corporate 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.