AGF Management (TSE:AGF.B) Hits New 52-Week High – Should You Buy?

AGF Management Limited (TSE:AGF.B)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$20.83 and last traded at C$20.78, with a volume of 87202 shares trading hands. The stock had previously closed at C$20.25.

Analyst Ratings Changes

Several brokerages recently issued reports on AGF.B. TD Securities boosted their price objective on shares of AGF Management from C$18.00 to C$20.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Scotiabank lifted their price target on shares of AGF Management from C$17.50 to C$18.25 and gave the company 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 research note on Wednesday, January 28th. Finally, Royal Bank Of Canada increased 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 report on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$18.54.

AGF Management Price Performance

The company has a fifty day moving average of C$19.09 and a 200-day moving average of C$16.31. 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 stock has a market cap of C$1.33 billion, a PE ratio of 10.88, a P/E/G ratio of 1.18 and a beta of 1.59.

AGF Management (TSE:AGF.B) last announced its earnings results on Tuesday, January 27th. The company reported C$0.62 earnings per share 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%. 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.