AGF Management (TSE:AGF.B) Hits New 1-Year High – Here’s Why

AGF Management Limited (TSE:AGF.B) reached a new 52-week high on Wednesday . The stock traded as high as C$21.30 and last traded at C$20.50, with a volume of 144960 shares trading hands. The stock had previously closed at C$19.57.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BMO Capital Markets lifted their price objective on AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 8th. Desjardins raised their target price on shares of AGF Management from C$20.00 to C$22.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. TD upped their price target 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, Scotia lowered their price objective on shares of AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 15th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$20.03.

AGF Management Stock Performance

The company has a market capitalization of C$1.30 billion, a P/E ratio of 11.82, a P/E/G ratio of 1.18 and a beta of 1.31. The business has a 50-day moving average of C$17.24 and a 200-day moving average of 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) last posted its quarterly earnings data on Wednesday, June 24th. The company reported C$0.72 EPS for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The company had revenue of C$126.70 million during the quarter. On average, sell-side analysts anticipate that AGF Management Limited 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.