AGF Management (TSE:AGF.B) Price Target Raised to C$18.25

AGF Management (TSE:AGF.B) had its price objective upped by Scotiabank from C$17.50 to C$18.25 in a research report released on Wednesday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

Several other research firms have also issued reports on AGF.B. Desjardins raised their target price on shares of AGF Management from C$17.75 to C$18.50 and gave the stock a “buy” rating in a report on Thursday, January 22nd. TD Securities increased their price objective on shares of AGF Management from C$17.00 to C$18.00 in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada set a C$18.00 target price on AGF Management and gave the company an “outperform” rating in a research report on Wednesday, December 10th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, AGF Management has a consensus rating of “Moderate Buy” and a consensus price target of C$18.54.

AGF Management Price Performance

Shares of AGF Management stock opened at C$18.15 on Wednesday. The stock has a market cap of C$1.16 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.18 and a beta of 1.62. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The stock has a 50 day moving average price of C$16.06 and a 200-day moving average price of C$14.21. AGF Management has a one year low of C$8.65 and a one year high of C$18.63.

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

AGF Management Company Profile

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.