AGF Management (TSE:AGF.B) Reaches New 52-Week High – Still a Buy?

Shares of AGF Management Limited (TSE:AGF.B) reached a new 52-week high on Monday . The stock traded as high as C$20.88 and last traded at C$20.87, with a volume of 146030 shares changing hands. The stock had previously closed at C$20.21.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AGF.B. Royal Bank Of Canada increased their target price on AGF Management from C$21.00 to C$23.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Desjardins lifted their price target on AGF Management from C$22.00 to C$23.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. TD lifted their target price on AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, June 19th. Scotia dropped 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. Finally, BMO Capital Markets raised their price target on AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a report on Wednesday, April 8th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$20.28.

AGF Management Stock Down 1.4%

The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The company has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 1.18 and a beta of 1.23. The firm’s fifty day moving average price is C$18.04 and its 200-day moving average price is C$18.13.

AGF Management (TSE:AGF.B) last issued its quarterly earnings data on Wednesday, June 24th. The company reported C$0.72 earnings per share (EPS) for the quarter. The business had revenue of C$126.70 million during the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. Sell-side analysts expect that AGF Management Limited will post 1.5610119 earnings per share 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.