AGF Management (TSE:AGF.B) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Key Points

• BMO Capital Markets raised its price target on AGF Management from C$19.00 to C$20.00 but kept a "market perform" rating, with the new target implying a ~3.15% downside from the stock's previous close.
• Several other analysts also bumped targets (RBC to C$22.00, Desjardins and TD to C$20.00, Scotiabank to C$18.25), leaving a consensus of "Moderate Buy" with an average target of C$19.38.
• Shares jumped about 3.1% to C$20.65 (near the 52‑week high of C$20.91); the company reported quarterly EPS of C$0.62, revenue of C$120.3M, a P/E of 10.81 and a market cap of C$1.32B.

AGF Management (TSE:AGF.B - Get Free Report) had its price objective hoisted by BMO Capital Markets from C$19.00 to C$20.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets' target price points to a potential downside of 3.15% from the stock's previous close.

Several other research analysts have also recently commented on the company. Scotiabank increased their price target on AGF Management from C$17.50 to C$18.25 and gave the company a "sector perform" rating in a research report on Wednesday, January 28th. Desjardins increased their price target on AGF Management from C$18.50 to C$20.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. Royal Bank Of Canada increased their price target on AGF Management from C$18.00 to C$22.00 and gave the company an "outperform" rating in a research report on Wednesday, January 28th. Finally, TD Securities increased their price target on AGF Management from C$18.00 to C$20.00 and gave the company a "buy" rating in a research report on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$19.38.

AGF Management Stock Up 3.1%

Shares of AGF.B stock traded up C$0.62 on Wednesday, hitting C$20.65. 81,732 shares of the stock were exchanged, compared to its average volume of 185,832. The business has a 50-day moving average of C$19.39 and a 200 day moving average of C$16.53. AGF Management has a fifty-two week low of C$8.85 and a fifty-two week high of C$20.91. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The firm has a market capitalization of C$1.32 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35.

AGF Management (TSE:AGF.B - Get Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The company reported C$0.62 EPS for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The firm had revenue of C$120.30 million during the quarter. Equities analysts anticipate 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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