AGF Management Limited (TSE:AGF.B) Receives Consensus Recommendation of “Hold” from Analysts

Shares of AGF Management Limited (TSE:AGF.B) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$19.46.

Several equities analysts have recently issued reports on AGF.B shares. Royal Bank Of Canada reduced their target price on AGF Management from C$23.00 to C$20.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 24th. BMO Capital Markets dropped their price target on AGF Management from C$21.00 to C$19.00 in a research note on Thursday, September 24th. Desjardins cut their price target on shares of AGF Management from C$23.00 to C$21.00 and set a “buy” rating on the stock in a report on Thursday, September 24th. Finally, TD reduced their price objective on shares of AGF Management from C$23.00 to C$20.00 and set a “buy” rating on the stock in a research report on Thursday, September 24th.

AGF Management Stock Performance

AGF Management stock opened at C$15.35 on Wednesday. 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 firm has a 50-day moving average of C$20.47 and a 200-day moving average of C$19.45. The firm has a market cap of C$970.89 million, a P/E ratio of 7.21, a P/E/G ratio of 1.18 and a beta of 1.41. AGF Management has a 1-year low of C$13.33 and a 1-year high of C$24.20.

AGF Management (TSE:AGF.B) last posted its earnings results on Wednesday, September 23rd. The company reported C$0.49 earnings per share (EPS) for the quarter. The company had revenue of C$112.50 million for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. Sell-side analysts expect that AGF Management will post 1.5610119 EPS 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.