Ag Growth International Inc. (AFN) to Issue Quarterly Dividend of $0.15 on April 15th

Ag Growth International Inc. (TSE:AFN) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.15 per share on Tuesday, April 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, March 31st.

Ag Growth International Stock Down 0.9 %

Ag Growth International stock traded down C$0.30 during trading on Friday, reaching C$34.76. 158,651 shares of the company’s stock were exchanged, compared to its average volume of 113,755. Ag Growth International has a 52-week low of C$31.60 and a 52-week high of C$64.31. The firm has a market cap of C$664.36 million, a price-to-earnings ratio of 27.75, a PEG ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. The company’s 50-day moving average is C$37.10 and its two-hundred day moving average is C$46.46.

Insider Buying and Selling at Ag Growth International

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AFN. Desjardins decreased their price target on Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating for the company in a report on Friday, March 7th. TD Securities decreased their target price on shares of Ag Growth International from C$48.00 to C$46.00 and set a “buy” rating for the company in a research note on Tuesday, March 11th. CIBC dropped their price target on shares of Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. National Bankshares cut their price objective on shares of Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Finally, Royal Bank of Canada dropped 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, March 7th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$50.25.

About Ag Growth International

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.