AGF Management (TSE:AGF.B) Hits New 12-Month High – Here’s Why

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Desjardins lifted their price target on shares of AGF Management from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Royal Bank Of Canada upped their price objective on shares of AGF Management from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. TD raised their target price 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. BMO Capital Markets raised their target price on AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research note on Wednesday, April 8th. Finally, Scotia dropped their target price on AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 15th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.28.

AGF Management Stock Performance

The company has a fifty day moving average of C$20.50 and a two-hundred day moving average of C$19.04. The stock has a market capitalization of C$1.50 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. 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 released its earnings results on Wednesday, June 24th. The company reported C$0.72 EPS for the quarter. The company had revenue of C$126.70 million for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. On average, equities analysts anticipate that AGF Management Limited will post 1.5610119 EPS for the current 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.