AGF Management (TSE:AGF.B) Sets New 1-Year High – Still a Buy?

AGF Management Limited (TSE:AGF.B) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$22.50 and last traded at C$22.01, with a volume of 54700 shares changing hands. The stock had previously closed at C$21.85.

Analysts Set New Price Targets

Several research firms have commented on AGF.B. BMO Capital Markets raised their target price on shares of AGF Management from C$19.00 to C$20.00 and gave the company a “market perform” rating in a research note on Wednesday, April 8th. TD raised their price objective on shares of AGF Management from C$19.00 to C$24.00 and gave the company a “buy” rating in a research note on Friday, June 19th. Scotia cut their target price on 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 increased their price target 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. Finally, Royal Bank Of Canada lifted their price target on AGF Management from C$21.00 to C$23.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, AGF Management presently has a consensus rating of “Moderate Buy” and an average target price of C$20.28.

AGF Management Trading Up 0.9%

The firm has a market capitalization of C$1.40 billion, a price-to-earnings ratio of 10.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.23. The firm’s 50 day moving average is C$18.39 and its 200 day moving average is C$18.24. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

AGF Management (TSE:AGF.B) last issued its earnings results on Wednesday, June 24th. The company reported C$0.72 earnings per share for the quarter. 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%. Equities analysts forecast that AGF Management Limited 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.