Ag Growth International (TSE:AFN) Stock Price Crosses Above 200-Day Moving Average of $53.72

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Ag Growth International Inc (TSE:AFN) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $53.72 and traded as high as $44.92. Ag Growth International shares last traded at $44.89, with a volume of 20,905 shares changing hands.

Several analysts recently issued reports on AFN shares. TD Securities reduced their price objective on shares of Ag Growth International from C$79.00 to C$73.00 and set an “action list buy” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reduced their price objective on shares of Ag Growth International from C$65.00 to C$58.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. CIBC reduced their price objective on shares of Ag Growth International from C$71.00 to C$61.00 in a report on Friday, August 9th. Raymond James reduced their price objective on shares of Ag Growth International from C$70.00 to C$62.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Finally, National Bank Financial reduced their price objective on shares of 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. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$63.40.

The stock has a market capitalization of $842.19 million and a PE ratio of 23.23. The firm’s fifty day moving average is C$44.97 and its 200-day moving average is C$53.72. The company has a current ratio of 1.97, a quick ratio of 0.95 and a debt-to-equity ratio of 182.34.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.05 by C($0.01). The company had revenue of C$291.94 million for the quarter, compared to analysts’ expectations of C$293.69 million. As a group, equities analysts predict that Ag Growth International Inc will post 3.4037433 EPS for the current year.

The company also recently announced a monthly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, September 13th were given a $0.20 dividend. This represents a $2.40 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend was Thursday, August 29th. Ag Growth International’s dividend payout ratio is currently 125.26%.

In other Ag Growth International news, Director Gary Keith Anderson sold 30,000 shares of Ag Growth International stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$55.92, for a total value of C$1,677,600.00. Following the completion of the transaction, the director now directly owns 72,348 shares of the company’s stock, valued at approximately C$4,045,700.16.

Ag Growth International Company Profile (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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