AGF Management (TSE:AGF.B) Sets New 52-Week High – Still a Buy?
by Kim Johansen · The Markets DailyAGF Management Limited (TSE:AGF.B – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$21.30 and last traded at C$20.50, with a volume of 144960 shares. The stock had previously closed at C$19.57.
Analysts Set New Price Targets
Several equities analysts have weighed in on AGF.B shares. Scotia lowered 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 report on Wednesday, April 15th. Desjardins raised their price objective on shares of AGF Management from C$20.00 to C$22.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. TD lifted their target price on shares of AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a research note on Friday, June 19th. Finally, BMO Capital Markets upped their target price on shares of 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. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AGF Management has an average rating of “Moderate Buy” and a consensus target price of C$20.03.
Check Out Our Latest Research Report on AGF.B
AGF Management Trading Up 3.9%
The stock has a market cap of C$1.30 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31. The stock’s 50-day moving average is C$17.24 and its two-hundred day moving average is C$17.80. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75.
AGF Management (TSE:AGF.B – Get Free Report) last announced its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share (EPS) for the quarter. The company had revenue of C$126.70 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. Equities research analysts anticipate that AGF Management Limited will post 1.5610119 EPS for the current 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.