AGF Management (TSE:AGF.B) Shares Pass Above 200-Day Moving Average – Here’s Why

AGF Management Limited (TSE:AGF.B) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.35 and traded as high as C$17.53. AGF Management shares last traded at C$17.50, with a volume of 126,572 shares.

Wall Street Analyst Weigh In

AGF.B has been the topic of several recent research reports. BMO Capital Markets upped their price objective on AGF Management from C$19.00 to C$20.00 and gave the stock a “market perform” rating in a report on Wednesday, April 8th. Scotia decreased their price objective on AGF Management from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 15th. Finally, Desjardins boosted their target price on AGF Management from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$19.18.

AGF Management Trading Up 1.2%

The stock has a market cap of C$1.12 billion, a P/E ratio of 10.17, a P/E/G ratio of 1.18 and a beta of 1.45. The company has a current ratio of 1.19, a quick ratio of 1.75 and a debt-to-equity ratio of 11.27. The company has a 50-day moving average price of C$17.58 and a two-hundred day moving average price of C$17.35.

AGF Management (TSE:AGF.B) last released its earnings results on Tuesday, April 14th. The company reported C$0.30 earnings per share for the quarter. The firm had revenue of C$95.30 million for the quarter. AGF Management had a return on equity of 7.64% and a net margin of 16.58%. On average, research analysts expect that AGF Management Limited will post 1.5610119 EPS for the current fiscal year.

AGF Management Company Profile

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth. AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.