TD Lowers AGF Management (TSE:AGF.B) Price Target to C$23.00

AGF Management (TSE:AGF.B) had its price target reduced by investment analysts at TD from C$24.00 to C$23.00 in a research note issued on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 22.47% from the stock’s current price.

Several other brokerages also recently weighed in on AGF.B. Royal Bank Of Canada downgraded shares of AGF Management from an “outperform” rating to a “sector perform” rating and set a C$23.00 target price on the stock. in a report on Tuesday, September 8th. Desjardins raised their price objective on AGF Management from C$22.00 to C$23.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$20.16.

AGF Management Stock Down 3.7%

Shares of AGF.B traded down C$0.72 during mid-day trading on Tuesday, hitting C$18.78. 162,939 shares of the company’s stock were exchanged, compared to its average volume of 256,007. AGF Management has a fifty-two week low of C$13.33 and a fifty-two week high of C$24.20. The stock’s 50-day moving average is C$22.24 and its 200-day moving average is C$19.77. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The company has a market cap of C$1.19 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 1.18 and a beta of 1.18.

AGF Management (TSE:AGF.B) last announced its quarterly earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share (EPS) for the quarter. The company had revenue of C$126.70 million during the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. On average, sell-side analysts anticipate that AGF Management will post 1.5610119 earnings per share 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.