Ag Growth International Inc. (TSE:AFN) Senior Officer Paul David Householder Purchases 4,000 Shares

Ag Growth International Inc. (TSE:AFN) Senior Officer Paul David Householder purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of C$36.01 per share, for a total transaction of C$144,040.00.

Ag Growth International Stock Performance

Shares of AFN stock traded up C$1.00 during trading hours on Friday, hitting C$36.20. 147,330 shares of the company were exchanged, compared to its average volume of 116,243. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The stock has a market capitalization of C$691.88 million, a price-to-earnings ratio of 28.90, a P/E/G ratio of 1.30 and a beta of 2.29. The firm has a fifty day simple moving average of C$40.72 and a 200 day simple moving average of C$48.57. Ag Growth International Inc. has a 52-week low of C$31.60 and a 52-week high of C$64.43.

Ag Growth International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a $0.15 dividend. 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 payout ratio is presently 47.90%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AFN shares. Royal Bank of Canada lowered their price objective on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a research note on Friday. Desjardins lowered their price target on Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating for the company in a research report on Friday. National Bankshares cut their price objective on shares of Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday. ATB Capital lowered their target price on shares of Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating for the company in a report on Friday. Finally, Raymond James upgraded shares of Ag Growth International from a “market perform” rating to an “outperform” rating and cut their price target for the stock from C$52.00 to C$47.00 in a report on Friday. 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.com, Ag Growth International presently has an average rating of “Moderate Buy” and a consensus target price of C$50.50.

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.