Ag Growth International (TSE:AFN) Price Target Raised to C$47.00

Ag Growth International (TSE:AFN) had its target price hoisted by Desjardins from C$46.00 to C$47.00 in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock. Desjardins also issued estimates for Ag Growth International’s FY2025 earnings at $3.46 EPS and FY2026 earnings at $4.35 EPS.

AFN has been the topic of a number of other reports. National Bankshares cut their target price on Ag Growth International from C$51.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. ATB Capital reduced their target price on shares of Ag Growth International from C$46.00 to C$43.00 and set a “sector perform” rating for the company in a report on Wednesday. TD Securities lowered 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 report on Tuesday, March 11th. CIBC upped their target price on shares of Ag Growth International from C$48.00 to C$52.00 in a report on Thursday, April 17th. Finally, Raymond James raised shares of Ag Growth International from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from C$52.00 to C$47.00 in a report on Friday, March 7th. Two equities research 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.com, Ag Growth International has a consensus rating of “Moderate Buy” and an average target price of C$47.86.

Ag Growth International Price Performance

Shares of Ag Growth International stock opened at C$38.72 on Wednesday. Ag Growth International has a one year low of C$30.81 and a one year high of C$58.14. The stock has a market capitalization of C$740.04 million, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. 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 50 day simple moving average is C$34.19 and its two-hundred day simple moving average is C$42.16.

Ag Growth International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.15 per share. The ex-dividend date 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 is currently 47.90%.

Insider Transactions at Ag Growth International

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