AGF Management (TSE:AGF.B) Hits New 52-Week High – Should You Buy?

AGF Management Limited (TSE:AGF.B)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$20.83 and last traded at C$20.78, with a volume of 87202 shares trading hands. The stock had previously closed at C$20.25.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AGF.B shares. Scotiabank boosted their price target on shares of AGF Management from C$17.50 to C$18.25 and gave the stock a “sector perform” rating in a report on Wednesday, January 28th. Royal Bank Of Canada lifted their target price on shares of AGF Management from C$18.00 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. TD Securities boosted their target price on shares of AGF Management from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Desjardins raised their price target on shares of AGF Management from C$18.50 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.54.

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 firm’s 50-day moving average price is C$19.09 and its two-hundred day moving average price is C$16.31. The stock has a market cap of C$1.33 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.18 and a beta of 1.59.

AGF Management (TSE:AGF.B) last issued its earnings results on Tuesday, January 27th. The company reported C$0.62 EPS for the quarter. The company had revenue of C$120.30 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. On average, analysts expect 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.