TD Forecasts Strong Price Appreciation for AGF Management (TSE:AGF.B) Stock

AGF Management (TSE:AGF.B) had its price objective increased by equities researchers at TD from C$19.00 to C$24.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price target points to a potential upside of 18.05% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Desjardins boosted their price target on shares of AGF Management from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets lifted their price target on AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a report on Wednesday, April 8th. Finally, Scotia reduced their price target on shares of AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 15th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.03.

AGF Management Stock Up 1.2%

AGF.B traded up C$0.24 during trading on Friday, reaching C$20.33. The stock had a trading volume of 55,427 shares, compared to its average volume of 237,119. 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 50 day moving average is C$17.27 and its two-hundred day moving average is C$17.68. AGF Management has a one year low of C$11.57 and a one year high of C$20.91. The company has a market capitalization of C$1.30 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 1.18 and a beta of 1.31.

AGF Management (TSE:AGF.B) last released its quarterly earnings data on Tuesday, April 14th. The company reported C$0.30 earnings per share for the quarter. The firm 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 expect that AGF Management 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.