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

AGF Management Limited (TSE:AGF.B) has earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$20.28.

AGF.B has been the subject of a number of research reports. TD increased their price target on 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. Desjardins increased their price target on AGF Management from C$22.00 to C$23.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets increased their price target on AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research note on Wednesday, April 8th. Scotia dropped their price target on AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 15th. Finally, Royal Bank Of Canada increased their price target on AGF Management from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research note on Thursday.

AGF Management Price Performance

Shares of AGF.B opened at C$19.57 on Monday. AGF Management has a 52 week low of C$11.57 and a 52 week high of C$21.30. The stock has a market capitalization of C$1.24 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.18 and a beta of 1.31. 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 of C$17.36 and a 200-day moving average of C$17.90.

AGF Management (TSE:AGF.B) last announced its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 EPS for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The company had revenue of C$126.70 million during the quarter. As a group, sell-side analysts anticipate that AGF Management will post 1.5610119 earnings per share for the current fiscal 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.