AGF Management Limited (TSE:AGF.B) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Consensus: Seven analysts rate AGF Management (TSE:AGF.B) an average of "Moderate Buy" (4 buys, 3 holds) with a 1‑year target of C$19.18; recent notable upgrades include RBC to C$22 (outperform) and TD to C$20 (buy).
• Valuation & price: AGF opened at C$16.19 with a market cap of C$1.03B, P/E of 9.41 and PEG of 1.18, trading in a 12‑month range of C$10.30–C$20.91 (50/200‑day MAs: C$18.76/C$16.82).
• Recent results: The company reported Q1 EPS of C$0.30 on C$95.3M revenue (net margin 16.6%, ROE 7.6%), and analysts expect roughly C$1.56 EPS for the current year.

AGF Management Limited (TSE:AGF.B - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$19.18.

Several research firms have recently weighed in on AGF.B. 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 note on Wednesday, January 28th. TD Securities lifted their target price on shares of AGF Management from C$18.00 to C$20.00 and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Desjardins lifted their target price on shares of AGF Management from C$19.00 to C$20.00 and gave the stock a "buy" rating in a research note on Friday, April 10th. Scotia reduced their target price on shares of AGF Management from C$20.00 to C$18.00 and set a "sector perform" rating for the company in a research note on Wednesday, April 15th. Finally, Scotiabank boosted their price objective on shares of AGF Management from C$17.50 to C$18.25 and gave the company a "sector perform" rating in a research note on Wednesday, January 28th.

AGF Management Price Performance

AGF.B opened at C$16.19 on Friday. The company has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 1.18 and a beta of 1.35. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The firm has a 50-day moving average price of C$18.76 and a 200-day moving average price of C$16.82. AGF Management has a twelve month low of C$10.30 and a twelve month high of C$20.91.

AGF Management (TSE:AGF.B - Get Free Report) last posted its earnings results on Tuesday, April 14th. The company reported C$0.30 earnings per share for the quarter. The firm had revenue of C$95.30 million during the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. Equities analysts expect that AGF Management will post 1.5610119 EPS for the current year.

AGF Management Company Profile

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.

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