Desjardins Issues Positive Forecast for AGF Management (TSE:AGF.B) Stock Price

AGF Management (TSE:AGF.B) had its target price hoisted by Desjardins from C$17.75 to C$18.50 in a research report released on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

AGF.B has been the subject of a number of other research reports. TD Securities increased their target price on AGF Management from C$17.00 to C$18.00 in a report on Tuesday, November 4th. Royal Bank Of Canada set a C$18.00 price objective on AGF Management and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Finally, Scotiabank raised their price objective on AGF Management from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, AGF Management presently has an average rating of “Moderate Buy” and a consensus price target of C$16.92.

AGF Management Stock Performance

Shares of AGF.B opened at C$17.22 on Thursday. The company has a 50-day moving average of C$15.55 and a two-hundred day moving average of C$13.99. The stock has a market cap of C$1.10 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 1.18 and a beta of 1.62. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. AGF Management has a one year low of C$8.65 and a one year high of C$17.43.

AGF Management (TSE:AGF.B) last released its quarterly 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 business had revenue of C$107.50 million for the quarter. On average, equities research analysts expect that AGF Management will post 1.5610119 earnings per share 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.