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

AGF Management Limited (TSE:AGF.B)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$16.89 and last traded at C$16.80, with a volume of 6902 shares traded. The stock had previously closed at C$16.70.

Wall Street Analyst Weigh In

AGF.B has been the topic of a number of recent research reports. TD Securities upped their price objective on shares of AGF Management from C$17.00 to C$18.00 in a report on Tuesday, November 4th. Desjardins increased their target price on AGF Management from C$16.50 to C$17.75 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Scotiabank raised their price target on AGF Management from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Thursday, September 25th. Jefferies Financial Group upped their price target on shares of AGF Management from C$14.50 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, Royal Bank Of Canada set a C$18.00 target price on shares of AGF Management and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Four equities research 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, AGF Management currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.79.

AGF Management Stock Up 1.2%

The company’s fifty day simple moving average is C$15.26 and its 200-day simple moving average is C$13.86. The firm has a market capitalization of C$1.08 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 1.18 and a beta of 1.62. 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, September 24th. The company reported C$0.46 earnings per share 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$107.50 million during the quarter. On average, analysts forecast that AGF Management Limited will post 1.5610119 EPS for the current 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. That said, the company does use fundamental, quantitative and alternative strategies to manages its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with 26% of AUM derived from institutional and subadvised accounts.