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

AGF Management Limited (TSE:AGF.B)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$20.63 and last traded at C$20.04, with a volume of 40144 shares traded. The stock had previously closed at C$20.10.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AGF.B shares. TD Securities lifted their price target on AGF Management from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Scotiabank lifted their target price on shares of AGF Management from C$17.50 to C$18.25 and gave the stock a “sector perform” rating in a research report on Wednesday, January 28th. Desjardins boosted their price target 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. Finally, Royal Bank Of Canada raised their price objective on shares of AGF Management from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$18.54.

AGF Management Stock Up 0.4%

The business has a fifty day moving average price of C$17.48 and a two-hundred day moving average price of C$15.02. 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 company has a market cap of C$1.29 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 1.18 and a beta of 1.49.

AGF Management (TSE:AGF.B) last announced its quarterly earnings data on Tuesday, January 27th. The company reported C$0.62 EPS for the quarter. The firm had revenue of C$120.30 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. On average, equities analysts predict that AGF Management Limited will post 1.5610119 earnings per share for the current 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.