Paul David Householder Acquires 4,000 Shares of Ag Growth International Inc.

Senior Officer Paul David Householder of Ag Growth International Inc. (TSE:AFN - Get Free Report) recently completed the purchase of 4,000 shares of the company’s stock on March 7th. The shares were purchased at an average price of C$36.01 each, resulting in a total investment of C$144,040.

Ag Growth International Stock Performance

On the same day of the purchase, Ag Growth International's stock experienced an uptick of 2.8%, increasing by C$1.00 to reach a trading price of C$36.20 during midday sessions. The trading volume was notably higher, with 147,330 shares changing hands, surpassing the average volume of 116,243 shares. The stock is currently evaluated against a fifty-day moving average of C$40.72 and a two-hundred-day moving average of C$48.57. The company’s stock has ranged between a 12-month low of C$31.60 and a high of C$64.43. As of now, Ag Growth International holds a market capitalization of C$691.88 million, with a price-to-earnings (P/E) ratio of 28.90 and a beta of 2.29.

Recent Dividend Announcement

In addition to stock movements, Ag Growth International recently declared a quarterly dividend of $0.15 per share, which was distributed on January 15th to shareholders on record as of the same date. The ex-dividend date was December 31st. This dividend aligns with an annualized payout of $0.60, creating a dividend yield of 1.66%, while the dividend payout ratio stands at 47.90%.

Analyst Perspectives on Ag Growth International

The stock has seen varied opinions from equity analysts. Royal Bank of Canada has adjusted its target price for Ag Growth International from C$45.00 down to C$40.00, advising a 'sector perform' rating. Similarly, TD Securities reduced their price target from C$57.00 to C$48.00 while maintaining a 'buy' rating. National Bankshares and CIBC have also lowered their price objectives to C$51.00 and C$48.00 respectively, both assigning an 'outperform' rating. ATB Capital has set its target price at C$46.00, also reflecting a 'sector perform' rating. Across the board, analysts provide three 'hold' ratings and six 'buy' ratings, leading to an overall average rating of 'Moderate Buy' with a consensus price target of C$50.50.

Understanding Ag Growth International Inc.

Ag Growth International Inc. specializes in designing and producing agricultural equipment across Canada, the United States, and globally. The company operates through its Farm and Commercial segments, offering products such as grain storage bins, unload systems, mixed-flow dryers, fans, and aeration products, among others.

Additional Information

For further understanding of stock market dynamics and investment strategies, data from various market analysts can be beneficial. These insights can guide investors in making informed decisions regarding Ag Growth International and its potential in the agricultural equipment sector.

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