AGF Management (TSE:AGF.B) Price Target Raised to C$18.50

AGF Management (TSE:AGF.B) had its target price upped by Desjardins from C$17.75 to C$18.50 in a research note published on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on AGF.B. Royal Bank Of Canada set a C$18.00 target price on AGF Management and gave the stock an “outperform” rating in a research report on Wednesday, December 10th. TD Securities increased their target price on AGF Management from C$17.00 to C$18.00 in a research report on Tuesday, November 4th. Finally, Scotiabank upped their price target on shares of AGF Management from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$16.92.

AGF Management Stock Down 0.8%

TSE AGF.B opened at C$17.08 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. AGF Management has a 12 month low of C$8.65 and a 12 month high of C$17.43. The stock’s 50 day moving average is C$15.61 and its 200 day moving average is C$14.03. The stock has a market cap of C$1.09 billion, a PE ratio of 10.23, a P/E/G ratio of 1.18 and a beta of 1.62.

AGF Management (TSE:AGF.B) last released its earnings results on Wednesday, September 24th. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$107.50 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. Research 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.