AGF Management Limited (TSE:AGF.B) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Consensus "Moderate Buy": Six analysts cover AGF Management with a consensus rating of "Moderate Buy" (four buys, two holds) and an average 12‑month price target of C$19.38.
• Analyst upgrades and higher targets: Several firms raised targets on Jan. 28 — notably RBC to C$22 with an "outperform" call, while TD, BMO and Desjardins lifted targets to about C$20 and Scotiabank to C$18.25.
• Recent stock move and fundamentals: Shares jumped about 3.4% to C$20.71, giving a market cap of C$1.33 billion and a P/E of 10.84; the company reported quarterly EPS of C$0.62 and analysts forecast roughly C$1.56 for the fiscal year.

AGF Management Limited (TSE:AGF.B - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$19.38.

Several equities research analysts have issued reports on the company. Royal Bank Of Canada lifted their target price on AGF Management from C$18.00 to C$22.00 and gave the stock an "outperform" rating in a report on Wednesday, January 28th. Scotiabank lifted their target price on AGF Management from C$17.50 to C$18.25 and gave the stock a "sector perform" rating in a report on Wednesday, January 28th. BMO Capital Markets lifted their target price on AGF Management from C$19.00 to C$20.00 and gave the stock a "market perform" rating in a report on Wednesday. TD Securities lifted their target price on AGF Management from C$18.00 to C$20.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. Finally, Desjardins lifted their target price on AGF Management from C$18.50 to C$20.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th.

AGF Management Stock Up 3.4%

Shares of TSE AGF.B traded up C$0.68 during trading hours on Wednesday, hitting C$20.71. The company had a trading volume of 114,145 shares, compared to its average volume of 186,093. The stock has a market capitalization of C$1.33 billion, a P/E ratio of 10.84, a price-to-earnings-growth 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. AGF Management has a 1-year low of C$8.85 and a 1-year high of C$20.91. The firm's 50 day moving average is C$19.39 and its 200-day moving average is C$16.53.

AGF Management (TSE:AGF.B - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The company reported C$0.62 earnings per share (EPS) for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The business had revenue of C$120.30 million during the quarter. On average, analysts expect that AGF Management will post 1.5610119 earnings per share for the current fiscal year.

About AGF Management

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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