AGF Management (TSE:AGF.B) Shares Down 9.9% – Time to Sell?

AGF Management Limited (TSE:AGF.B) shares dropped 9.9% on Tuesday . The stock traded as low as C$16.91 and last traded at C$18.03. Approximately 123,668 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 182,174 shares. The stock had previously closed at C$20.02.

Analysts Set New Price Targets

A number of research analysts have weighed in on AGF.B shares. Royal Bank Of Canada lifted their target price on AGF Management from C$18.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Scotia reduced their target price on AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a report on Wednesday. BMO Capital Markets lifted their target price on 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. Desjardins lifted their target price on AGF Management from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Friday, April 10th. Finally, Scotiabank lifted their target price on 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 analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$19.18.

AGF Management Stock Down 4.8%

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 has a market cap of C$1.02 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. The stock has a fifty day simple moving average of C$19.45 and a two-hundred day simple moving average of C$16.71.

AGF Management (TSE:AGF.B) last posted its earnings results on Tuesday, April 14th. The company reported C$0.30 earnings per share for the quarter. The business had revenue of C$95.30 million during the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. As a group, sell-side 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.