AGF Management (TSE:AGF.B) Hits New 12-Month High – What’s Next?

AGF Management Limited (TSE:AGF.B)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$20.83 and last traded at C$20.78, with a volume of 87202 shares traded. The stock had previously closed at C$20.25.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. TD Securities raised their target price on AGF Management from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Desjardins increased their price target on shares of AGF Management from C$18.50 to C$20.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Scotiabank raised their price objective on shares of AGF Management from C$17.50 to C$18.25 and gave the company a “sector perform” rating in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada boosted their price objective on shares of AGF Management from C$18.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$18.54.

AGF Management Price Performance

The business’s fifty day moving average price is C$19.23 and its 200-day moving average price is C$16.37. The company has a market capitalization of C$1.31 billion, a P/E ratio of 10.69, a P/E/G ratio of 1.18 and a beta of 1.59. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27.

AGF Management (TSE:AGF.B) last issued its earnings results on Tuesday, January 27th. The company reported C$0.62 earnings per share (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$120.30 million during the quarter. As a group, sell-side analysts predict that AGF Management Limited will post 1.5610119 earnings per share for the current fiscal 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.