AGF Management (TSE:AGF.B) Stock Price Expected to Rise, Desjardins Analyst Says

AGF Management (TSE:AGF.B) had its price target upped by stock analysts at Desjardins from C$17.75 to C$18.50 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 8.31% from the company’s previous close.

A number of other research firms have also recently weighed in on AGF.B. TD Securities upped their target price on shares of AGF Management from C$17.00 to C$18.00 in a research note on Tuesday, November 4th. Scotiabank upped their price objective on AGF Management from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, September 25th. Finally, Royal Bank Of Canada set a C$18.00 target price on AGF Management and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$16.92.

AGF Management Stock Down 0.8%

Shares of AGF.B stock opened at C$17.08 on Thursday. The stock has a market cap of C$1.09 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 1.18 and a beta of 1.62. AGF Management has a one year low of C$8.65 and a one year high of C$17.43. The stock has a fifty day moving average price of C$15.61 and a 200 day moving average price of C$14.02. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.

AGF Management (TSE:AGF.B) last announced its quarterly earnings results on Wednesday, September 24th. The company reported C$0.46 earnings per share (EPS) for the quarter. The firm had revenue of C$107.50 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. Analysts predict that AGF Management will post 1.5610119 earnings per share for the current year.

About AGF Management

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related. That said, the company does use fundamental, quantitative and alternative strategies to manages its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with 26% of AUM derived from institutional and subadvised accounts.