TD Cuts AGF Management (TSE:AGF.B) Price Target to C$20.00

AGF Management (TSE:AGF.B) had its price target cut by research analysts at TD from C$23.00 to C$20.00 in a research note issued on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 23.99% from the stock’s current price.

A number of other brokerages have also recently commented on AGF.B. Desjardins lifted their target price on AGF Management from C$22.00 to C$23.00 and gave the stock a “buy” rating in a report on Thursday, June 25th. Royal Bank Of Canada lowered AGF Management from an “outperform” rating to a “sector perform” rating and set a C$23.00 price target on the stock. in a report on Tuesday, September 8th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$19.46.

AGF Management Trading Down 3.6%

Shares of TSE:AGF.B traded down C$0.60 during trading on Thursday, reaching C$16.13. The company’s stock had a trading volume of 553,411 shares, compared to its average volume of 258,560. The stock has a market capitalization of C$1.03 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. AGF Management has a 12 month low of C$13.33 and a 12 month high of C$24.20. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The firm’s 50 day simple moving average is C$21.77 and its two-hundred day simple moving average is C$19.68.

AGF Management (TSE:AGF.B) last issued its quarterly earnings data on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%.The company had revenue of C$126.70 million for the quarter. On average, research analysts predict that AGF Management 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.