Insider Buying: Ag Growth International Inc. (TSE:AFN) Director Buys C$218,076.00 in Stock

Ag Growth International Inc. (TSE:AFN) Director Janet Giesselman acquired 6,000 shares of the stock in a transaction on Friday, March 7th. The shares were purchased at an average price of C$36.35 per share, for a total transaction of C$218,076.00.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$36.20 on Monday. The business’s 50-day moving average price is C$40.41 and its 200-day moving average price is C$48.35. Ag Growth International Inc. has a 12 month low of C$31.60 and a 12 month high of C$64.43. The firm 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 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 Announces Dividend

The company also recently declared 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Tuesday, December 31st. Ag Growth International’s payout ratio is 47.90%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AFN shares. Atb Cap Markets cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. National Bankshares decreased their price target on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Friday. Raymond James upgraded Ag Growth International from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from C$52.00 to C$47.00 in a research report on Friday. Royal Bank of Canada decreased their price target on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a research report on Friday. Finally, Desjardins decreased their price target on Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating on the stock in a research report on Friday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Ag Growth International presently has an average rating of “Moderate Buy” and a consensus price target of C$50.50.

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.