AGF Management (TSE:AGF.B) Hits New 1-Year High – Should You Buy?
by Doug Wharley · The Cerbat GemAGF Management Limited (TSE:AGF.B – Get Free Report)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$17.00 and last traded at C$16.88, with a volume of 196251 shares traded. The stock had previously closed at C$16.46.
Wall Street Analyst Weigh In
Several brokerages have commented on AGF.B. Royal Bank Of Canada set a C$18.00 price target on shares of AGF Management and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Desjardins lifted their target price on AGF Management from C$16.50 to C$17.75 and gave the stock a “buy” rating in a report on Thursday, September 25th. TD Securities increased their price target on AGF Management from C$17.00 to C$18.00 in a research note on Tuesday, November 4th. Finally, Scotiabank raised their price target on AGF Management from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, AGF Management presently has a consensus rating of “Moderate Buy” and an average price target of C$16.79.
Check Out Our Latest Report on AGF.B
AGF Management Trading Up 2.6%
The stock has a market cap of C$1.07 billion, a PE ratio of 10.11, a PEG ratio of 1.18 and a beta of 1.62. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The stock has a fifty day moving average price of C$15.47 and a 200 day moving average price of C$13.97.
AGF Management (TSE:AGF.B – Get Free Report) last issued its quarterly earnings results on Wednesday, September 24th. The company reported C$0.46 EPS for the quarter. The company had revenue of C$107.50 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. Equities analysts expect that AGF Management Limited will post 1.5610119 EPS for the current 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.