Ag Growth International (TSE:AFN) Stock Price Expected to Rise, TD Securities Analyst Says

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

Several other analysts have also recently issued reports on AFN. National Bankshares upped their price target on shares of Ag Growth International from C$49.00 to C$51.00 and gave the company an “outperform” rating in a report on Wednesday. CIBC lifted their target price on Ag Growth International from C$48.00 to C$52.00 in a research note on Thursday, April 17th. Raymond James upgraded Ag Growth International from a “market perform” rating to an “outperform” rating and lowered their price target for the company from C$52.00 to C$47.00 in a research report on Friday, March 7th. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, ATB Capital lowered their target price on Ag Growth International from C$46.00 to C$43.00 and set a “sector perform” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$47.86.

Ag Growth International Price Performance

Ag Growth International stock opened at C$38.72 on Wednesday. Ag Growth International has a 12-month low of C$30.81 and a 12-month high of C$58.14. The firm’s 50-day moving average is C$34.19 and its two-hundred day moving average is C$42.16. 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 stock has a market capitalization of C$740.04 million, a P/E ratio of 30.91, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

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

Insider Activity

In other Ag Growth International news, Senior Officer Paul David Householder acquired 4,000 shares of Ag Growth International stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of C$36.01 per share, with a total value of C$144,040.00. Also, Director Janet Giesselman bought 6,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of C$36.35 per share, for a total transaction of C$218,076.00. Insiders have acquired 12,000 shares of company stock worth $436,101 in the last 90 days. Company insiders own 1.06% of the company’s stock.

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.