AGF Management (TSE:AGF.B) Share Price Passes Above 200 Day Moving Average – What’s Next?

AGF Management Limited (TSE:AGF.B)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Ratings Changes

Several research firms have commented on AGF.B. Royal Bank Of Canada increased their price objective on shares of AGF Management from C$18.00 to C$22.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Scotiabank upped their price objective on 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. Desjardins raised their price objective 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. Finally, TD Securities lifted their target price 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. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$18.54.

AGF Management Stock Down 1.4%

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 company’s fifty day moving average price is C$18.95 and its 200-day moving average price is C$16.17. The stock has a market cap of C$1.26 billion, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.59.

AGF Management (TSE:AGF.B) last issued its quarterly earnings results on Tuesday, January 27th. The company reported C$0.62 EPS for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The company had revenue of C$120.30 million for the quarter. Equities 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.