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

AGF Management Limited (TSE:AGF.B) hit a new 52-week high during trading on Wednesday . The company traded as high as C$18.84 and last traded at C$18.77, with a volume of 110924 shares trading hands. The stock had previously closed at C$18.41.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AGF.B. Desjardins increased their target price on shares of AGF Management from C$18.50 to C$20.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Royal Bank Of Canada upped their price target 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 increased their target price on AGF Management from C$18.00 to C$20.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Scotiabank upped their price target on shares of AGF Management from C$17.50 to C$18.25 and gave the company a “sector perform” rating in a report on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.54.

AGF Management Stock Up 1.1%

The firm has a market cap of C$1.19 billion, a PE ratio of 9.74, a PEG ratio of 1.18 and a beta of 1.49. The stock has a 50 day simple moving average of C$16.23 and a 200-day simple moving average of C$14.31. 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 quarterly earnings data on Wednesday, September 24th. The company reported C$0.46 earnings per share for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The business had revenue of C$107.50 million during the quarter. Sell-side analysts predict that AGF Management Limited will post 1.5610119 EPS for the current fiscal year.

AGF Management Company Profile

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related. That said, the company does use fundamental, quantitative and alternative strategies to manages its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with 26% of AUM derived from institutional and subadvised accounts.