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

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

Ag Growth International Stock Performance

TSE AFN opened at C$36.03 on Friday. The company has a fifty day moving average of C$38.97 and a two-hundred day moving average of C$47.78. Ag Growth International Inc. has a 1 year low of C$31.60 and a 1 year 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 company has a market capitalization of C$688.63 million, a PE ratio of 28.77, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. CIBC lowered their target price on shares of Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. National Bankshares lowered their target price 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 upgraded shares of Ag Growth International from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from C$52.00 to C$47.00 in a research note on Friday, March 7th. Atb Cap Markets downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, TD Securities decreased 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.