Ag Growth International Inc. (AFN) to Issue Quarterly Dividend of $0.15 on April 15th

Ag Growth International Inc. (TSE:AFN) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.15 per share on Tuesday, April 15th. This represents a $0.60 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Monday, March 31st.

Ag Growth International Stock Down 0.9 %

Shares of TSE AFN traded down C$0.30 during trading on Friday, hitting C$34.76. 158,651 shares of the company traded hands, compared to its average volume of 113,755. The firm has a market capitalization of C$664.36 million, a price-to-earnings ratio of 27.75, a P/E/G ratio of 1.30 and a beta of 2.29. The business’s fifty day moving average is C$37.10 and its 200 day moving average is C$46.46. 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 has a fifty-two week low of C$31.60 and a fifty-two week high of C$64.31.

Wall Street Analysts Forecast Growth

AFN has been the topic of a number of research reports. Raymond James raised 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 report on Friday, March 7th. Royal Bank of Canada decreased 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 research report on Friday, March 7th. Atb Cap Markets cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. TD Securities decreased their price objective on Ag Growth International from C$48.00 to C$46.00 and set a “buy” rating for the company in a report on Tuesday, March 11th. Finally, Desjardins dropped their target price on Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$50.25.

Insider Activity

In related news, Director Janet Giesselman purchased 6,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of C$36.35 per share, with a total value of C$218,076.00. Also, Director Anne De Greef-Safft acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of C$36.99 per share, for a total transaction of C$73,985.00. Insiders acquired a total of 12,000 shares of company stock valued at $436,101 in the last ninety days. 1.06% of the stock is currently owned by insiders.

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.