AGF Management (TSE:AGF.B) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

AGF Management Limited (TSE:AGF.B) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$14.75 and traded as high as C$19.10. AGF Management shares last traded at C$19.09, with a volume of 304,412 shares.

Wall Street Analyst Weigh In

AGF.B has been the subject of a number of research reports. Desjardins lifted their price target 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, January 28th. Scotiabank lifted their price objective on 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. Royal Bank Of Canada boosted their target price on AGF Management from C$18.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Finally, TD Securities raised their price target on AGF Management from C$18.00 to C$20.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$18.54.

AGF Management Price Performance

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 has a market capitalization of C$1.22 billion, a PE ratio of 9.99, a P/E/G ratio of 1.18 and a beta of 1.49. The company has a 50-day moving average price of C$17.07 and a 200-day moving average price of C$14.75.

AGF Management (TSE:AGF.B) last announced its earnings results on Tuesday, January 27th. The company reported C$0.62 earnings per share for the quarter. The firm had revenue of C$120.30 million during the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. Sell-side analysts forecast that AGF Management Limited will post 1.5610119 EPS for the current year.

About AGF Management

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.