AGF Management (TSE:AGF.B) Stock Price Expected to Rise, Desjardins Analyst Says

AGF Management (TSE:AGF.B) had its price target upped by stock analysts at Desjardins from C$20.00 to C$22.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 9.24% from the company’s current price.

Several other research firms have also recently commented on AGF.B. 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 research note on Wednesday, April 15th. BMO Capital Markets increased their target price on AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research note on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$19.46.

AGF Management Stock Up 5.4%

Shares of AGF Management stock traded up C$1.03 on Wednesday, hitting C$20.14. 441,077 shares of the company’s stock traded hands, compared to its average volume of 238,438. The stock has a market cap of C$1.29 billion, a P/E ratio of 11.71, a PEG ratio of 1.18 and a beta of 1.31. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The firm’s 50-day moving average is C$17.28 and its 200 day moving average is C$17.60. AGF Management has a 52-week low of C$11.57 and a 52-week high of C$20.91.

AGF Management (TSE:AGF.B) last released its earnings results on Tuesday, April 14th. The company reported C$0.30 EPS for the quarter. The company 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%. Equities analysts anticipate that AGF Management will post 1.5610119 earnings per share for the current 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.