ATB Capital Issues Pessimistic Forecast for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its target price decreased by ATB Capital from C$57.00 to C$46.00 in a report published on Friday morning,BayStreet.CA reports. ATB Capital currently has a sector perform rating on the stock.

Several other equities research analysts also recently commented on AFN. CIBC reduced their price objective on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating for the company in a report on Friday. Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Royal Bank of Canada reduced their price objective on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a report on Friday. National Bankshares reduced their price objective on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday. Finally, Desjardins reduced their price objective 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. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Ag Growth International currently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.50.

Ag Growth International Price Performance

Shares of TSE:AFN opened at C$36.20 on Friday. Ag Growth International has a 1-year low of C$31.60 and a 1-year high of C$64.43. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The business 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 market capitalization of C$691.88 million, a PE ratio of 28.90, a PEG ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

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

Insiders Place Their Bets

In related news, Director Janet Giesselman acquired 6,000 shares of the stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of C$36.35 per share, with a total value of C$218,076.00. Insiders own 1.06% of the company’s stock.

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.