Paul David Householder Buys 4,000 Shares of Ag Growth International Inc. (TSE:AFN) Stock

Ag Growth International Inc. (TSE:AFN) Senior Officer Paul David Householder bought 4,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of C$36.01 per share, for a total transaction of C$144,040.00.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$36.20 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The firm has a fifty day moving average price of C$40.41 and a 200 day moving average price of C$48.35. The company has a market cap of C$691.88 million, a P/E ratio of 28.90, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International Inc. has a 12 month low of C$31.60 and a 12 month high of C$64.43.

Ag Growth International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors 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 dividend on an annualized basis and a dividend yield of 1.66%. Ag Growth International’s payout ratio is currently 47.90%.

Analysts Set New Price Targets

A number of analysts have issued reports on AFN shares. Royal Bank of Canada cut their target price 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. ATB Capital cut their price objective on Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating on the stock in a research report on Friday. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Desjardins cut their price objective 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. Finally, Raymond James raised Ag Growth International from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from C$52.00 to C$47.00 in a research report on Friday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Ag Growth International has an average rating of “Moderate Buy” and a consensus target price 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.