AGF Management (TSE:AGF.B) Hits New 12-Month High – Should You Buy?

AGF Management Limited (TSE:AGF.B)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$16.89 and last traded at C$16.80, with a volume of 6902 shares trading hands. The stock had previously closed at C$16.70.

Wall Street Analyst Weigh In

AGF.B has been the topic of a number of research analyst reports. Royal Bank Of Canada set a C$18.00 price objective on shares of AGF Management and gave the company an “outperform” rating in a report on Wednesday, December 10th. Jefferies Financial Group increased their price objective on AGF Management from C$14.50 to C$16.00 and gave the company a “buy” rating in a report on Friday, September 19th. TD Securities lifted their target price on AGF Management from C$17.00 to C$18.00 in a report on Tuesday, November 4th. Scotiabank upped their target price on AGF Management from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Thursday, September 25th. Finally, Desjardins raised their price target on shares of AGF Management from C$16.50 to C$17.75 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$16.79.

AGF Management Stock Performance

The firm has a fifty day moving average of C$15.26 and a 200 day moving average of C$13.86. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The stock has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 1.18 and a beta of 1.62.

AGF Management (TSE:AGF.B) last issued its quarterly earnings data on Wednesday, September 24th. The company reported C$0.46 EPS for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The business had revenue of C$107.50 million for the quarter. On average, sell-side analysts anticipate that AGF Management Limited will post 1.5610119 earnings per share 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.