AGF Management (TSE:AGF.B) Stock Crosses Above 200 Day Moving Average – What’s Next?

AGF Management Limited (TSE:AGF.B)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$16.12 and traded as high as C$20.18. AGF Management shares last traded at C$19.97, with a volume of 119,633 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Scotiabank raised their target price 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 upped their price target on AGF Management from C$18.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Desjardins increased 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. Finally, TD Securities lifted 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 research note on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$18.54.

AGF Management Stock Performance

The firm has a market cap of C$1.28 billion, a P/E ratio of 10.46, a PEG ratio of 1.18 and a beta of 1.59. 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 stock’s 50-day moving average is C$18.89 and its 200 day moving average is C$16.12.

AGF Management (TSE:AGF.B) last posted its earnings results on Tuesday, January 27th. The company reported C$0.62 earnings per share 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$120.30 million for the quarter. On average, research analysts predict that AGF Management Limited 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.