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

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

Ag Growth International Stock Performance

Shares of AFN stock opened at C$36.17 on Friday. Ag Growth International Inc. has a 12 month low of C$31.60 and a 12 month high of C$64.31. 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 firm has a market capitalization of C$691.31 million, a P/E ratio of 28.88, a P/E/G ratio of 1.30 and a beta of 2.29. The company’s fifty day moving average price is C$39.56 and its two-hundred day moving average price is C$48.01.

Ag Growth International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.66%. Ag Growth International’s dividend payout ratio is currently 47.90%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AFN. ATB Capital lowered their price objective 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 research note on Friday, March 7th. National Bankshares lowered their price objective on shares of Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Raymond James raised shares of Ag Growth International from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from C$52.00 to C$47.00 in a research note on Friday, March 7th. TD Securities lowered their price objective on shares of Ag Growth International from C$48.00 to C$46.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada decreased their price target 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 research report on Friday, March 7th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$50.25.

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.