TD Securities Forecasts Strong Price Appreciation for AGF Management (TSE:AGF.B) Stock

AGF Management (TSE:AGF.B) had its price objective upped by TD Securities from C$18.00 to C$20.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 7.64% from the stock’s current price.

A number of other equities analysts have also issued reports on AGF.B. Royal Bank Of Canada boosted their target price on shares of AGF Management from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank boosted 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. Finally, Desjardins upped their price objective on shares of AGF Management from C$18.50 to C$20.00 and gave the company a “buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, AGF Management currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.54.

AGF Management Trading Up 1.3%

AGF Management stock opened at C$18.58 on Wednesday. AGF Management has a 52 week low of C$8.65 and a 52 week high of C$18.63. The company has a debt-to-equity ratio of 11.27, a quick ratio of 1.75 and a current ratio of 1.19. The firm has a market capitalization of C$1.18 billion, a PE ratio of 11.13, a PEG ratio of 1.18 and a beta of 1.62. The business’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 return on equity of 7.64% and a net margin of 16.58%.The firm had revenue of C$107.50 million for the quarter. Equities research analysts forecast 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.