Shares of Ag Growth International Inc (TSE:AFN) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$60.63 and last traded at C$60.13, with a volume of 108824 shares traded. The stock had previously closed at C$58.51.

Several analysts recently weighed in on AFN shares. Royal Bank of Canada lowered their price objective on Ag Growth International from C$63.00 to C$60.00 and set an “outperform” rating for the company in a report on Monday, November 13th. Laurentian lowered their price objective on Ag Growth International from C$70.00 to C$63.00 in a report on Monday, November 13th. Laurentian Bank of Canada lowered their price objective on Ag Growth International from C$70.00 to C$63.00 in a report on Monday, November 13th. Scotiabank set a C$62.00 price objective on Ag Growth International and gave the company an “outperform” rating in a report on Thursday, January 4th. Finally, National Bank Financial set a C$65.00 price objective on Ag Growth International and gave the company an “outperform” rating in a report on Wednesday, January 3rd. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Ag Growth International currently has an average rating of “Buy” and a consensus price target of C$64.75.

The firm has a market cap of $972.14, a price-to-earnings ratio of 39.85 and a beta of 1.29.

Ag Growth International (TSE:AFN) last posted its earnings results on Friday, November 10th. The company reported C$0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.01 by C($0.22). Ag Growth International had a net margin of 7.54% and a return on equity of 20.81%.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Tuesday, January 30th. Ag Growth International’s dividend payout ratio (DPR) is presently 158.94%.

In related news, insider Timothy Jackson Close bought 1,298 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of C$50.24 per share, with a total value of C$65,211.52. Also, Director Gary Keith Anderson sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of C$53.45, for a total value of C$320,700.00.

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Ag Growth International Company Profile

Ag Growth International Inc is a Canada-based manufacturer of agricultural equipment. The Company focuses on grain handling, storage and conditioning products. The Company’s products service both Farm and Commercial markets, and sells to farmers, contractors and corporate entities. The Company manufactures in Canada, the United States and Europe.

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