AGF Management (TSE:AGF.B) Hits New 52-Week High – Here’s Why

AGF Management Limited (TSE:AGF.B) shares hit a new 52-week high during trading on Monday . The company traded as high as C$22.50 and last traded at C$22.01, with a volume of 54700 shares changing hands. The stock had previously closed at C$21.85.

Analyst Upgrades and Downgrades

AGF.B has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price objective on AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research note on Wednesday, April 8th. Desjardins raised their target price on AGF Management from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Scotia lowered their target price on AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a report on Wednesday, April 15th. TD boosted their price target on AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a research note on Friday, June 19th. Finally, Royal Bank Of Canada increased their price target on AGF Management from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$20.28.

AGF Management Stock Up 3.1%

The firm’s fifty day moving average price is C$18.62 and its two-hundred day moving average price is C$18.32. The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.18 and a beta of 1.23. 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 issued its earnings results on Wednesday, June 24th. The company reported C$0.72 EPS for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The company had revenue of C$126.70 million during the quarter. Sell-side analysts forecast that AGF Management Limited will post 1.5610119 earnings per share for the current fiscal year.

About AGF Management

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth. AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.