Ag Growth International (TSE:AFN) Given New C$51.00 Price Target at National Bankshares

Ag Growth International (TSE:AFN) had its target price lowered by National Bankshares from C$55.00 to C$51.00 in a report issued on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the company. Royal Bank of Canada downgraded Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$75.00 to C$45.00 in a report on Thursday, January 30th. Raymond James reduced their price objective on Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. TD Securities reduced their price objective on Ag Growth International from C$57.00 to C$48.00 and set a “buy” rating on the stock in a report on Wednesday. ATB Capital downgraded Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$79.00 to C$63.00 in a report on Tuesday, January 14th. Finally, Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$50.50.

Ag Growth International Trading Up 2.8 %

Shares of TSE AFN opened at C$36.20 on Friday. The business’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 price-to-earnings ratio of 28.90, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a fifty-two week low of C$31.60 and a fifty-two 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 business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders 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 annualized dividend and a yield of 1.66%. Ag Growth International’s dividend payout ratio (DPR) is presently 47.90%.

Insider Buying and Selling at Ag Growth International

In other Ag Growth International news, Director Janet Giesselman acquired 6,000 shares of the stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of C$36.35 per share, with a total value of C$218,076.00. 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.