AGF Management (TSE:AGF.B) Issues Earnings Results

AGF Management (TSE:AGF.B) issued its earnings results on Wednesday. The company reported C$0.72 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$126.70 million during the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%.

AGF Management Price Performance

Shares of AGF Management stock opened at C$20.61 on Wednesday. The firm has a market capitalization of C$1.32 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 1.18 and a beta of 1.31. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. AGF Management has a 12 month low of C$11.57 and a 12 month high of C$21.30. The business’s 50-day moving average price is C$17.24 and its 200-day moving average price is C$17.80.

Wall Street Analyst Weigh In

AGF.B has been the subject of a number of analyst reports. Scotia cut their price objective on shares of AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 15th. Desjardins lifted their price objective on AGF Management from C$20.00 to C$22.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. BMO Capital Markets upped their target price on AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 8th. Finally, TD boosted their price objective on AGF Management from C$19.00 to C$24.00 and gave the stock a “buy” rating in a report on Friday, June 19th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$20.03.

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.