AGF Management Limited (TSE:AGF.B) Stock Has Average Target Price of C$19.46

Key Points

• Analysts have a consensus “Hold” rating on AGF Management, with four holds and three buys among seven covering firms. The average 12-month price target is C$19.46.
• Several firms recently lowered their price targets, including BMO Capital Markets to C$19, TD and RBC to C$20, and Desjardins to C$21.
• AGF.B opened at C$14.75, below its 50-day and 200-day moving averages, while the company reported quarterly earnings of C$0.49 per share on revenue of C$112.5 million.

Shares of AGF Management Limited (TSE:AGF.B - Get Free Report) have earned a consensus rating of "Hold" from the seven research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$19.46.

A number of research analysts recently issued reports on AGF.B shares. BMO Capital Markets decreased their price objective on shares of AGF Management from C$21.00 to C$19.00 in a research note on Thursday, September 24th. TD lowered their price objective on AGF Management from C$23.00 to C$20.00 and set a "buy" rating for the company in a research report on Thursday, September 24th. Royal Bank Of Canada decreased their target price on AGF Management from C$23.00 to C$20.00 and set a "sector perform" rating for the company in a research report on Thursday, September 24th. Finally, Desjardins reduced their price target on shares of AGF Management from C$23.00 to C$21.00 and set a "buy" rating for the company in a research report on Thursday, September 24th.

AGF Management Stock Performance

Shares of AGF.B stock opened at C$14.75 on Friday. 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 capitalization of C$932.94 million, a price-to-earnings ratio of 6.92, a PEG ratio of 1.18 and a beta of 1.41. The company has a 50-day simple moving average of C$18.36 and a 200 day simple moving average of C$19.03. AGF Management has a 52 week low of C$13.36 and a 52 week high of C$24.20.

AGF Management (TSE:AGF.B - Get Free Report) last posted its earnings results on Wednesday, September 23rd. The company reported C$0.49 earnings per share for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. The company had revenue of C$112.50 million during the quarter. On average, sell-side analysts predict that AGF Management will post 1.56 earnings per share 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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