Ag Growth International (TSE:AFN) Upgraded to Outperform at Raymond James

Raymond James upgraded shares of Ag Growth International (TSE:AFN) from a market perform rating to an outperform rating in a research report released on Friday morning,BayStreet.CA reports. They currently have C$47.00 price target on the stock, down from their prior price target of C$52.00.

A number of other analysts have also recently weighed in on the stock. CIBC decreased their price target on shares of Ag Growth International from C$61.00 to C$58.00 in a research report on Thursday, January 30th. TD Securities decreased their price target on shares of Ag Growth International from C$57.00 to C$48.00 and set a “buy” rating for the company in a research report on Wednesday. ATB Capital cut shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. 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. Finally, National Bankshares decreased their price target 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 report on Friday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.50.

Ag Growth International Stock Up 2.8 %

Shares of Ag Growth International stock opened at C$36.20 on Friday. The company has a fifty day moving average price of C$40.72 and a 200 day moving average price of C$48.57. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. Ag Growth International has a twelve month low of C$31.60 and a twelve month high of C$64.43. The stock has a market cap of C$691.88 million, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Ag Growth International Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Janet Giesselman bought 6,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of C$36.35 per share, for a total transaction of C$218,076.00. 1.06% of the stock is currently owned by company 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.