Ag Growth International (TSE:AFN) Given New C$46.00 Price Target at Desjardins

Ag Growth International (TSE:AFN) had its price target reduced by Desjardins from C$49.00 to C$46.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

AFN has been the topic of several other reports. Raymond James upgraded shares of Ag Growth International from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from C$52.00 to C$47.00 in a research report on Friday, March 7th. CIBC dropped their price objective on shares of 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. 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 research note on Tuesday, March 11th. ATB Capital dropped their price target on Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Finally, Royal Bank of Canada reduced their price objective on 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, March 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$49.63.

Ag Growth International Stock Down 1.0 %

Shares of TSE AFN opened at C$32.66 on Tuesday. The business’s fifty day moving average price is C$35.34 and its 200-day moving average price is C$44.42. Ag Growth International has a one year low of C$30.81 and a one year high of C$62.37. 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$624.22 million, a PE ratio of 26.08, a P/E/G 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. Investors of record on Tuesday, April 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.84%. 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 related news, Director Anne De Greef-Safft acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of C$36.99 per share, with a total value of C$73,985.00. Also, Senior Officer Paul David Householder bought 4,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were purchased at an average price of C$36.01 per share, for a total transaction of C$144,040.00. Insiders have bought 12,000 shares of company stock valued at $436,101 in the last ninety days. 1.06% of the stock is currently owned by company 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.