AGF Management (TSE:AGF.B) Price Target Raised to C$20.00

AGF Management (TSE:AGF.B) had its target price hoisted by equities researchers at TD Securities from C$18.00 to C$20.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 9.35% from the stock’s current price.

A number of other analysts have also commented on AGF.B. Scotiabank boosted their price objective on shares of AGF Management from C$17.50 to C$18.25 and gave the stock a “sector perform” rating in a research report on Wednesday. Royal Bank Of Canada boosted their price target on shares of AGF Management from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Desjardins raised their price objective on AGF Management from C$18.50 to C$20.00 and gave the company a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$18.54.

AGF Management Stock Up 0.3%

Shares of AGF Management stock traded up C$0.05 during trading on Wednesday, reaching C$18.29. The stock had a trading volume of 218,720 shares, compared to its average volume of 157,702. 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 market capitalization of C$1.16 billion, a price-to-earnings ratio of 10.95, a P/E/G ratio of 1.18 and a beta of 1.62. The stock has a fifty day moving average price of C$15.77 and a two-hundred day moving average price of C$14.11. AGF Management has a 52 week low of C$8.65 and a 52 week high of C$18.63.

AGF Management (TSE:AGF.B) last announced its earnings results on Wednesday, September 24th. The company reported C$0.46 earnings per share (EPS) for the quarter. The business had revenue of C$107.50 million for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. Sell-side analysts predict that AGF Management will post 1.5610119 EPS for the current fiscal year.

About AGF Management

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.