Scotia Has Lowered Expectations for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B) had its target price cut by equities researchers at Scotia from C$20.00 to C$18.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotia’s price objective would suggest a potential upside of 16.66% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Scotiabank raised their price objective on shares of AGF Management from C$17.50 to C$18.25 and gave the stock a “sector perform” rating in a report on Wednesday, January 28th. BMO Capital Markets raised their price objective on shares of AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a report on Wednesday, April 8th. TD Securities raised their price objective on shares of AGF Management from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Desjardins lifted their price target on shares of AGF Management from C$19.00 to C$20.00 and gave the company a “buy” rating in a report on Friday, April 10th. Finally, Royal Bank Of Canada lifted their price target on shares of AGF Management from C$18.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$19.18.

AGF Management Stock Performance

AGF.B opened at C$15.43 on Wednesday. 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 company has a market cap of C$989.48 million, a price-to-earnings ratio of 8.08, a PEG ratio of 1.18 and a beta of 1.35. The company’s 50 day moving average is C$19.40 and its 200 day moving average is C$16.70. AGF Management has a 12-month low of C$9.01 and a 12-month high of C$20.91.

AGF Management (TSE:AGF.B) last posted its quarterly earnings data on Tuesday, April 14th. The company reported C$0.30 earnings per share (EPS) for the quarter. The company had revenue of C$95.30 million for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. On average, equities research analysts predict that AGF Management will post 1.5610119 EPS for the current 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.