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

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

Ag Growth International Stock Up 2.8 %

Shares of Ag Growth International stock opened at C$36.20 on Friday. The stock’s fifty day moving average is C$40.41 and its 200-day moving average is C$48.40. The firm has a market capitalization of C$691.88 million, a PE ratio of 28.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. Ag Growth International Inc. has a 12-month low of C$31.60 and a 12-month high of C$64.43.

Ag Growth International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Tuesday, December 31st. Ag Growth International’s dividend payout ratio (DPR) is presently 47.90%.

Wall Street Analysts Forecast Growth

AFN has been the subject of several research analyst reports. Desjardins cut their price objective on Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating for the company in a report on Friday. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. CIBC cut their price objective on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating for the company in a report on Friday. Raymond James upgraded Ag Growth International from a “market perform” rating to an “outperform” rating and cut their price objective for the company from C$52.00 to C$47.00 in a report on Friday. Finally, National Bankshares cut their price objective on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus 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.