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

Key Points

• AGF Management received a consensus “Moderate Buy” rating from eight analysts: five recommend buying the stock and three rate it a hold.
• Analysts’ average 12-month price target is C$20.28, with TD, Desjardins and Royal Bank of Canada recently raising their targets to between C$23 and C$24.
• AGF reported quarterly EPS of C$0.72 on revenue of C$126.70 million, with a 16.58% net margin and 7.64% return on equity.

Shares of AGF Management Limited (TSE:AGF.B - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$20.28.

Several equities analysts have weighed in on AGF.B shares. TD raised their price target on 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. Desjardins upped their price objective on AGF Management from C$22.00 to C$23.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada increased their price objective on AGF Management from C$21.00 to C$23.00 and gave the company an "outperform" rating in a research note on Thursday, June 25th.

AGF Management Stock Performance

Shares of AGF.B opened at C$21.90 on Friday. AGF Management has a 12-month low of C$12.52 and a 12-month high of C$24.20. The stock has a market cap of C$1.39 billion, a P/E ratio of 10.58, a PEG ratio of 1.18 and a beta of 1.25. 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 company has a 50-day moving average of C$22.25 and a two-hundred day moving average of C$19.75.

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