AGF Management (TSE:AGF.B) Sets New 52-Week High – Still a Buy?

AGF Management Limited (TSE:AGF.B)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$16.50 and last traded at C$16.32, with a volume of 22382 shares traded. The stock had previously closed at C$16.31.

Analysts Set New Price Targets

AGF.B has been the subject of a number of analyst reports. Royal Bank Of Canada set a C$18.00 price objective on shares of AGF Management and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. BMO Capital Markets boosted their target price on shares of AGF Management from C$12.00 to C$15.00 in a research report on Tuesday, September 16th. TD Securities raised their price target on AGF Management from C$17.00 to C$18.00 in a research report on Tuesday, November 4th. Jefferies Financial Group lifted their price objective on AGF Management from C$14.50 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, Scotiabank increased their target price on AGF Management from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Thursday, September 25th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$16.79.

AGF Management Trading Up 0.2%

The stock has a market capitalization of C$1.04 billion, a P/E ratio of 9.79, a P/E/G ratio of 1.18 and a beta of 1.43. 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 business has a 50-day moving average price of C$14.58 and a two-hundred day moving average price of C$13.50.

AGF Management (TSE:AGF.B) last posted its quarterly earnings results on Wednesday, September 24th. The company reported C$0.46 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$107.50 million during the quarter. On average, analysts expect that AGF Management Limited will post 1.5610119 EPS for the current fiscal year.

AGF Management Company Profile

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related. That said, the company does use fundamental, quantitative and alternative strategies to manages its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with 26% of AUM derived from institutional and subadvised accounts.