AGF Management (TSE:AGF.B) Trading Down 9.9% - Should You Sell?

Key Points

• AGF Management's shares dropped 9.9% on Tuesday to C$18.03 (intraday low C$16.91) on lighter volume, down about 32% from the average session trade.
• Several brokers recently raised price targets and ratings; the stock holds a consensus Moderate Buy with an average target of C$19.38 (four Buy, two Hold), suggesting only modest upside from current levels.
• Fundamentals show a market cap of C$1.14B, a P/E of 9.30 and quarterly EPS of C$0.30 with a 16.6% net margin, while technicals are mixed—50‑day SMA C$19.54 above the price and 200‑day SMA C$16.70 below.

AGF Management Limited (TSE:AGF.B - Get Free Report)'s share price fell 9.9% on Tuesday . The company traded as low as C$16.91 and last traded at C$18.03. 123,668 shares were traded during mid-day trading, a decline of 32% from the average session volume of 182,174 shares. The stock had previously closed at C$20.02.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AGF.B. Royal Bank Of Canada raised their price target on shares of AGF Management from C$18.00 to C$22.00 and gave the company an "outperform" rating in a research note on Wednesday, January 28th. Scotiabank raised their price target 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. Desjardins raised their price target on shares of AGF Management from C$19.00 to C$20.00 and gave the company a "buy" rating in a research note on Friday. TD Securities raised their price target on shares of AGF Management from C$18.00 to C$20.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Finally, BMO Capital Markets raised their price target on shares of AGF Management from C$19.00 to C$20.00 and gave the company a "market perform" rating in a research note on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$19.38.

AGF Management Stock Performance

The company has a market cap of C$1.14 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 1.18 and a beta of 1.35. 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 stock's fifty day simple moving average is C$19.54 and its 200 day simple moving average is C$16.70.

AGF Management (TSE:AGF.B - Get Free Report) last released its quarterly earnings data on Tuesday, April 14th. The company reported C$0.30 EPS for the quarter. The company 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%. As a group, analysts anticipate that AGF Management Limited will post 1.5610119 earnings per share for the current 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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