Desjardins Raises AGF Management (TSE:AGF.B) Price Target to C$20.00

AGF Management (TSE:AGF.B) had its price target raised by analysts at Desjardins from C$18.50 to C$20.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 7.64% from the stock’s current price.

Several other equities analysts have also weighed in on the company. Royal Bank Of Canada set a C$18.00 price objective on AGF Management and gave the company an “outperform” rating in a research note on Wednesday, December 10th. TD Securities raised their price target on shares of AGF Management from C$17.00 to C$18.00 in a report on Tuesday, November 4th. Finally, Scotiabank lifted their target price on shares of AGF Management from C$17.50 to C$18.25 and gave the company a “sector perform” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, AGF Management presently has an average rating of “Moderate Buy” and an average target price of C$18.54.

AGF Management Trading Up 1.3%

Shares of AGF.B stock opened at C$18.58 on Wednesday. The firm has a market cap of C$1.18 billion, a P/E ratio of 11.13, a PEG ratio of 1.18 and a beta of 1.62. AGF Management has a 1-year low of C$8.65 and a 1-year high of C$18.63. 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 firm’s 50-day simple moving average is C$15.97 and its 200-day simple moving average is C$14.17.

AGF Management (TSE:AGF.B) last released its earnings results on Wednesday, September 24th. The company reported C$0.46 earnings per share (EPS) for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The firm had revenue of C$107.50 million during the quarter. As a group, equities analysts forecast that AGF Management will post 1.5610119 EPS for the current year.

AGF Management Company Profile

AGF Management is a Canadian-based asset manager with operations and investments in Canada, the United States, the United Kingdom, Ireland, and Asia. At the end of May 2022, the firm had CAD 40.3 billion in total assets under management. AGF Management’s funds are weighted more heavily toward equities, with just over two thirds of retail AUM being equity related. That said, the company does use fundamental, quantitative and alternative strategies to manages its investment funds. AGF Management has a more meaningful portion of its business tied to institutional clients than its peers, with 26% of AUM derived from institutional and subadvised accounts.