Ag Growth International Inc. (TSE:AFN) Director Purchases C$73,985.00 in Stock

Ag Growth International Inc. (TSE:AFN) Director Anne De Greef-Safft bought 2,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of C$36.99 per share, with a total value of C$73,985.00.

Ag Growth International Stock Down 0.4 %

Shares of TSE AFN opened at C$36.03 on Friday. Ag Growth International Inc. has a 1 year low of C$31.60 and a 1 year high of C$64.31. The firm’s 50 day moving average price is C$38.97 and its 200 day moving average price is C$47.78. The firm has a market cap of C$688.63 million, a P/E ratio of 28.77, 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 quick ratio of 0.84 and a current ratio of 1.41.

Ag Growth International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.67%. Ag Growth International’s dividend payout ratio (DPR) is currently 47.90%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AFN. TD Securities dropped their target price on shares of Ag Growth International from C$48.00 to C$46.00 and set a “buy” rating for the company in a report on Tuesday. Royal Bank of Canada lowered their price target on shares of 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. National Bankshares lowered their price target on shares of Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Atb Cap Markets lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Raymond James upgraded shares of 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$50.25.

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.