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

AGF Management (TSE:AGF.B) had its price target boosted by Desjardins from C$18.50 to C$20.00 in a research report report published on Wednesday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on AGF.B. Scotiabank boosted their price target on AGF Management from C$17.50 to C$18.25 and gave the company a “sector perform” rating in a report on Wednesday. Royal Bank Of Canada set a C$18.00 target price on shares of AGF Management and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Finally, TD Securities increased their price target on shares of AGF Management from C$17.00 to C$18.00 in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$18.54.

AGF Management Price Performance

Shares of AGF.B opened at C$18.15 on Wednesday. The business’s 50-day moving average is C$16.06 and its two-hundred day moving average is C$14.21. The company has a market capitalization of C$1.16 billion, a P/E ratio of 10.87, a P/E/G 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 company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19.

AGF Management (TSE:AGF.B) last issued its quarterly earnings data on Wednesday, September 24th. The company reported C$0.46 earnings per share (EPS) for the quarter. The business 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%. Research analysts predict that AGF Management will post 1.5610119 earnings per share 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.