AGF Management (TSE:AGF.B) Hits New 52-Week High – What’s Next?

AGF Management Limited (TSE:AGF.B) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$14.90 and last traded at C$14.62, with a volume of 101340 shares traded. The stock had previously closed at C$14.49.

Analysts Set New Price Targets

A number of brokerages have recently commented on AGF.B. Jefferies Financial Group upped their price objective on shares of AGF Management from C$14.50 to C$16.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Desjardins upped their target price on AGF Management from C$16.50 to C$17.75 and gave the company a “buy” rating in a research note on Thursday, September 25th. BMO Capital Markets lifted their price target on shares of AGF Management from C$12.00 to C$15.00 in a research note on Tuesday, September 16th. TD Securities increased their price objective on shares of AGF Management from C$17.00 to C$18.00 in a research note on Tuesday, November 4th. Finally, Scotiabank raised their target price on AGF Management from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 25th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$16.55.

AGF Management Price Performance

The stock has a fifty day moving average of C$14.01 and a 200-day moving average of C$13.01. The firm has a market capitalization of C$928.73 million, a P/E ratio of 8.74, a PEG ratio of 1.18 and a beta of 1.43. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

AGF Management (TSE:AGF.B) last posted its quarterly earnings data on Wednesday, September 24th. The company reported C$0.46 earnings per share for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The firm had revenue of C$107.50 million during the quarter. Equities analysts predict that AGF Management Limited will post 1.5610119 EPS for the current fiscal year.

AGF Management Company Profile

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related.