AGF Management (TSE:AGF.B) Reaches New 12-Month High – Time to Buy?

AGF Management Limited (TSE:AGF.B)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$23.37 and last traded at C$23.31, with a volume of 232349 shares changing hands. The stock had previously closed at C$22.92.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. 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. TD raised their price objective on shares of 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. Desjardins boosted their target price 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. Scotia decreased their price target on shares of AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 15th. Finally, BMO Capital Markets raised their price target on shares of 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 analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, AGF Management currently has an average rating of “Moderate Buy” and a consensus target price of C$20.28.

AGF Management Price 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 company has a market capitalization of C$1.44 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 1.18 and a beta of 1.23. The company has a 50-day moving average price of C$19.93 and a 200-day moving average price of C$18.82.

AGF Management (TSE:AGF.B) last announced its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. The business had revenue of C$126.70 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. On average, equities research analysts expect that AGF Management Limited will post 1.5610119 EPS for the current fiscal year.

About AGF Management

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.