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The experts have unanimously recommended selling the stock of AGF Management (B) due to concerns about the fast-rising dividend, low-quality earnings, and the availability of better options for investors. They also believe that the current price presents a value to sell, with Brookfield being suggested as a better option for investment.
Possible takeout candidate. Cheap share price value. Paying stable dividend. Not highest quality name in sector. Would recommend partial investment.
His preference is for quality. He likes POW, which owns GWO, for dividend growth and share buybacks. AGF.B might have higher return potential because it's smaller with more volatility, but POW will give him a higher Sharpe ratio over the long term because it's not as volatile.
Ongoing turnaround case.
Does not like asset management business (tough to make profits).
Revenues sensitive to market environments.
Current price not presenting a buying opportunity.
He has owned it in the past and sold a while ago because the share price dropped. The big issue is that they have a lot of margin pressure facing them. They are struggling against a tide. The share price is cheap but you need to look at where the industry is going.
(A Past Top Pick on July 26, 2017, Down 6%) Hasn't done much and has disappointed. Its UK division is worth much more than the market gives it credit for.
AGF Management (B) is a Canadian stock, trading under the symbol AGF.B-T on the Toronto Stock Exchange (AGF.B-CT). It is usually referred to as TSX:AGF.B or AGF.B-T
In the last year, 1 stock analyst published opinions about AGF.B-T. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for AGF Management (B).
AGF Management (B) was recommended as a Top Pick by on . Read the latest stock experts ratings for AGF Management (B).
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered AGF Management (B) In the last year. It is a trending stock that is worth watching.
On 2024-12-03, AGF Management (B) (AGF.B-T) stock closed at a price of $11.05.
Would recommend selling. Dividend rising too fast. Earnings not quality. Better options for investors. Current price presenting value to sell. Brookfield a better option.