Ag Growth International Inc (TSE:AFN) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $54.20 and traded as high as $44.32. Ag Growth International shares last traded at $43.84, with a volume of 34,474 shares traded.

A number of equities research analysts recently commented on AFN shares. Royal Bank of Canada decreased their target price on shares of Ag Growth International from C$65.00 to C$58.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. CIBC dropped their price objective on shares of Ag Growth International from C$71.00 to C$61.00 in a report on Friday, August 9th. National Bank Financial dropped their target price on Ag Growth International from C$71.00 to C$63.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Raymond James cut their price objective on shares of Ag Growth International from C$70.00 to C$62.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Finally, TD Securities decreased their target price on Ag Growth International from C$79.00 to C$73.00 and set an “action list buy” rating on the stock in a research report on Friday, August 9th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$63.40.

The firm’s 50-day moving average is C$46.31 and its 200 day moving average is C$54.20. The company has a debt-to-equity ratio of 182.34, a quick ratio of 0.95 and a current ratio of 1.97. The stock has a market cap of $802.28 million and a PE ratio of 22.68.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.05 by C($0.01). The company had revenue of C$291.94 million during the quarter, compared to analysts’ expectations of C$293.69 million. On average, sell-side analysts predict that Ag Growth International Inc will post 3.4037433 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, September 13th will be paid a $0.20 dividend. The ex-dividend date is Thursday, August 29th. This represents a $2.40 annualized dividend and a yield of 5.52%. Ag Growth International’s payout ratio is currently 125.26%.

In related news, Director Gary Keith Anderson sold 8,175 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of C$55.05, for a total transaction of C$450,033.75. Following the completion of the sale, the director now owns 64,173 shares of the company’s stock, valued at approximately C$3,532,723.65.

About Ag Growth International (TSE:AFN)

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers portable handling equipment, such as portable augers, portable belt conveyors, grainvacs, and storm seed treaters; and permanent handling equipment, including TA tapered auger vertical blend systems, high-tonnage conveying systems, distributors, bulk weigh hoppers, enclosed belt conveyors, bucket elevators, rail and truck probes, VIS micro dosing systems, chain conveyors, truss and towers, screw feeders and conveyors, and spout and connections.

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