TD Securities Cuts Ag Growth International (TSE:AFN) Price Target to C$48.00

Ag Growth International (TSE:AFN) had its price objective decreased by TD Securities from C$57.00 to C$48.00 in a research report report published on Wednesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research analysts have also commented on the stock. Atb Cap Markets lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. ATB Capital lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Royal Bank of Canada downgraded Ag Growth International from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$75.00 to C$45.00 in a report on Thursday, January 30th. Raymond James dropped their target price on shares of Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. Finally, National Bankshares reduced their price target on shares of Ag Growth International from C$67.00 to C$55.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$50.50.

Ag Growth International Stock Performance

TSE:AFN opened at C$36.20 on Wednesday. Ag Growth International has a 1-year low of C$31.60 and a 1-year high of C$64.43. The company has a market capitalization of C$691.88 million, a price-to-earnings ratio of 28.90, a PEG ratio of 1.30 and a beta of 2.29. The business has a 50 day moving average of C$40.72 and a 200 day moving average of C$48.57. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84.

Ag Growth International Dividend Announcement

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

Insider Activity at Ag Growth International

In related news, Director Janet Giesselman purchased 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of C$36.35 per share, with a total value of C$218,076.00. 1.06% of the stock is 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.