AGF Management (TSE:AGF.B) Price Target Raised to C$20.00

AGF Management (TSE:AGF.B) had its target price raised by TD Securities from C$18.00 to C$20.00 in a report released on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of AGF Management from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday. Desjardins raised their price objective on shares of AGF Management from C$18.50 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Scotiabank upped their target price on AGF Management from C$17.50 to C$18.25 and gave the company a “sector perform” rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$18.54.

AGF Management Stock Down 2.3%

AGF Management stock opened at C$18.15 on Wednesday. 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 firm has a market capitalization 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. AGF Management has a fifty-two week low of C$8.65 and a fifty-two week high of C$18.63. The stock’s fifty day moving average is C$16.06 and its two-hundred day moving average is C$14.21.

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