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

AGF Management Limited (TSE:AGF.B)’s share 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.

Analysts Set New Price Targets

Several research analysts have issued reports on AGF.B shares. TD Securities upped their price objective on AGF Management from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Desjardins lifted their target price on AGF Management from C$18.50 to C$20.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Scotiabank boosted their target price on AGF Management from C$17.50 to C$18.25 and gave the stock a “sector perform” rating in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada raised their price target on AGF Management from C$18.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, AGF Management presently has a consensus rating of “Moderate Buy” and an average price target of C$18.54.

AGF Management Price Performance

The company’s fifty day moving average is C$18.89 and its two-hundred day moving average is C$16.12. The firm has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 1.18 and a beta of 1.59. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27.

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