AGF Management (TSE:AGF.B) Cut to “Sector Perform” at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of AGF Management (TSE:AGF.B) from an outperform rating to a sector perform rating in a research report report published on Tuesday,BayStreet reports. They currently have C$23.00 price objective on the stock.

Other equities research analysts have also issued research reports about the stock. Desjardins upped their price target on shares of AGF Management from C$22.00 to C$23.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. TD raised their price objective on shares of AGF Management from C$19.00 to C$24.00 and gave the stock a “buy” rating in a report on Friday, June 19th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, AGF Management presently has a consensus rating of “Moderate Buy” and an average target price of C$20.28.

AGF Management Stock Performance

AGF.B stock opened at C$19.89 on Tuesday. The company has a market cap of C$1.26 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 1.18 and a beta of 1.18. AGF Management has a 1 year low of C$12.80 and a 1 year high of C$24.20. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The stock’s fifty day moving average price is C$22.27 and its 200-day moving average price is C$19.77.

AGF Management (TSE:AGF.B) last posted its quarterly earnings data on Wednesday, June 24th. The company reported C$0.72 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, equities analysts forecast 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.