Ag Growth International Inc. (TSE:AFN) Director Janet Giesselman Purchases 6,000 Shares of Stock

Ag Growth International Inc. (TSE:AFN) Director Janet Giesselman acquired 6,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of C$36.35 per share, with a total value of C$218,076.00.

Ag Growth International Price Performance

TSE AFN opened at C$36.20 on Friday. The firm’s 50 day moving average price is C$40.72 and its 200-day moving average price is C$48.57. The company has a market cap of C$691.88 million, a PE ratio of 28.90, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International Inc. has a 52-week low of C$31.60 and a 52-week high of C$64.43. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.66%. Ag Growth International’s dividend payout ratio (DPR) is presently 47.90%.

Analyst Upgrades and Downgrades

AFN has been the subject of several recent analyst reports. Royal Bank of Canada dropped their target price on shares of Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a report on Friday. Desjardins dropped their target price on shares of Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating for the company in a report on Friday. Raymond James raised shares of Ag Growth International from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from C$52.00 to C$47.00 in a report on Friday. ATB Capital dropped 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, Atb Cap Markets cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Ag Growth International presently has an average rating of “Moderate Buy” and a consensus price target 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.