AGF Management (TSE:AGF.B) Stock Passes Above 200 Day Moving Average – Here’s Why

AGF Management Limited (TSE:AGF.B) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$15.86 and traded as high as C$19.49. AGF Management shares last traded at C$19.13, with a volume of 133,046 shares trading hands.

Analyst Ratings Changes

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

AGF Management Stock Up 0.2%

The stock has a 50-day moving average of C$18.55 and a 200 day moving average of C$15.86. The company has a market capitalization of C$1.23 billion, a PE ratio of 10.02, a P/E/G 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 posted its quarterly earnings data on Tuesday, January 27th. The company reported C$0.62 earnings per share for the quarter. The business had revenue of C$120.30 million for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. Sell-side analysts anticipate 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.