Ag Growth International Inc. (TSE:AFN) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Ag Growth International Inc. (TSE:AFN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$47.86.

A number of equities research analysts recently commented on AFN shares. Desjardins increased their price target on Ag Growth International from C$46.00 to C$47.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. CIBC decreased their target price on Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Raymond James raised Ag Growth International from a "market perform" rating to an "outperform" rating and cut their price target for the company from C$52.00 to C$47.00 in a report on Friday, March 7th. TD Securities upped their price target on shares of Ag Growth International from C$46.00 to C$48.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Finally, ATB Capital lowered their price objective on shares of Ag Growth International from C$46.00 to C$43.00 and set a "sector perform" rating for the company in a research report on Wednesday, May 7th.

Insiders Place Their Bets

In other news, Senior Officer Paul David Householder purchased 4,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was bought at an average price of C$36.01 per share, with a total value of C$144,040.00. Also, Director Anne De Greef-Safft acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of C$36.99 per share, with a total value of C$73,985.00. Over the last quarter, insiders have purchased 12,000 shares of company stock worth $436,101. Insiders own 1.06% of the company's stock.

Ag Growth International Price Performance

Shares of TSE:AFN traded up C$0.45 on Wednesday, hitting C$38.50. The stock had a trading volume of 36,244 shares, compared to its average volume of 112,058. The firm's 50 day moving average price is C$34.73 and its 200-day moving average price is C$41.15. 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 twelve month low of C$30.81 and a twelve month high of C$58.14. The company has a market capitalization of C$735.84 million, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend was Monday, March 31st. Ag Growth International's payout ratio is 47.90%.

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.