AGF Management Limited (TSE:AGF.B) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• AGF Management received a “Moderate Buy” consensus rating from eight brokerages, with five recommending buy and three advising hold. The average 12-month price target is C$20.28.
• Recent analyst actions were mixed but generally positive: RBC, Desjardins and TD raised their price targets, while Scotia lowered its target to C$18 and maintained a sector-perform rating.
• AGF.B opened at C$23.17, near its 52-week high of C$24.20. In its latest quarter, the company reported C$0.72 in earnings per share and C$126.70 million in revenue.

Shares of AGF Management Limited (TSE:AGF.B - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$20.28.

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of AGF Management from C$21.00 to C$23.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Desjardins raised their target price on shares of AGF Management from C$22.00 to C$23.00 and gave the company a "buy" rating in a research note on Thursday, June 25th. Scotia dropped their target price on shares of AGF Management from C$20.00 to C$18.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 15th. Finally, TD boosted their target price on shares of AGF Management from C$19.00 to C$24.00 and gave the stock a "buy" rating in a research report on Friday, June 19th.

AGF Management Stock Performance

AGF.B opened at C$23.17 on Tuesday. 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 company has a market cap of C$1.47 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. The stock has a 50-day moving average of C$20.87 and a 200-day moving average of C$19.19. AGF Management has a 52-week low of C$11.57 and a 52-week high of C$24.20.

AGF Management (TSE:AGF.B - Get Free Report) last issued its quarterly earnings data on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. The business had revenue of C$126.70 million for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. As a group, equities research analysts forecast that AGF Management will post 1.5610119 earnings per share for the current fiscal 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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