TD Cuts AGF Management (TSE:AGF.B) Price Target to C$20.00

AGF Management (TSE:AGF.B) had its price objective decreased by TD from C$23.00 to C$20.00 in a research note published on Thursday,BayStreet reports. TD currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Royal Bank Of Canada downgraded AGF Management from an “outperform” rating to a “sector perform” rating and set a C$23.00 price objective for the company. in a report on Tuesday, September 8th. Desjardins boosted their target price on shares of AGF Management from C$22.00 to C$23.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, AGF Management currently has a consensus rating of “Hold” and a consensus target price of C$19.46.

AGF Management Stock Performance

AGF Management stock opened at C$15.85 on Thursday. AGF Management has a fifty-two week low of C$13.33 and a fifty-two week high of C$24.20. The stock’s 50 day simple moving average is C$21.49 and its two-hundred day simple moving average is C$19.62. 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 market cap of C$1.00 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 1.18 and a beta of 1.18.

AGF Management (TSE:AGF.B) last announced its earnings results on Wednesday, June 24th. The company reported C$0.72 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 firm had revenue of C$126.70 million during the quarter. As a group, analysts expect 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.