Ag Growth International Inc. to Issue Quarterly Dividend of $0.15 (TSE:AFN)

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

Ag Growth International Stock Performance

TSE:AFN traded down C$0.30 during mid-day trading on Friday, reaching C$34.76. The company’s stock had a trading volume of 158,651 shares, compared to its average volume of 113,755. 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 stock has a market cap of C$664.36 million, a P/E ratio of 27.75, a PEG ratio of 1.30 and a beta of 2.29. The firm’s fifty day moving average price is C$37.10 and its two-hundred day moving average price is C$46.46. Ag Growth International has a 12-month low of C$31.60 and a 12-month high of C$64.31.

Insiders Place Their Bets

In other news, Director Janet Giesselman bought 6,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of C$36.35 per share, for a total transaction of C$218,076.00. Also, Director Anne De Greef-Safft purchased 2,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of C$36.99 per share, with a total value of C$73,985.00. Insiders purchased a total of 12,000 shares of company stock worth $436,101 over the last quarter. 1.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AFN shares. National Bankshares decreased their price objective on shares of Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Desjardins lowered 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 report on Friday, March 7th. 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 report on Friday, March 7th. Royal Bank of Canada lowered 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 report on Friday, March 7th. Finally, Atb Cap Markets cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. 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.