AGF Management (TSE:AGF.B) Sets New 52-Week High – Time to Buy?

AGF Management Limited (TSE:AGF.B) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$23.48 and last traded at C$23.38, with a volume of 4905 shares changing hands. The stock had previously closed at C$23.04.

Analysts Set New Price Targets

AGF.B has been the topic of a number of analyst reports. Scotia lowered their target price 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. TD lifted 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 boosted their price objective on AGF Management from C$22.00 to C$23.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Finally, Royal Bank Of Canada increased their price objective on AGF Management from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.28.

AGF Management Stock Performance

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$1.52 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. The company’s 50 day moving average price is C$20.75 and its 200-day moving average price is C$19.13.

AGF Management (TSE:AGF.B) last announced its earnings results 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. Equities analysts forecast that AGF Management Limited will post 1.5610119 EPS for the current fiscal 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.