AGF Management (TSE:AGF.B) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• AGF Management shares rose above their 200-day moving average, reaching C$23.06 and last trading at C$22.99, compared with the 200-day average of C$19.43.
• Analyst sentiment is broadly positive: five analysts rate the stock a Buy and three rate it a Hold, resulting in a “Moderate Buy” consensus. Recent price-target increases range from C$23.00 to C$24.00, above the reported consensus target of C$20.28.
• AGF reported quarterly EPS of C$0.72 on revenue of C$126.70 million, with a 16.58% net margin and 7.64% return on equity. The company has a C$1.46 billion market capitalization and a price-to-earnings ratio of 11.11.

AGF Management Limited (TSE:AGF.B - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$19.43 and traded as high as C$23.06. AGF Management shares last traded at C$22.99, with a volume of 169,061 shares.

Analyst Upgrades and Downgrades

AGF.B has been the subject of several research reports. Royal Bank Of Canada upped their price target on shares of AGF Management from C$21.00 to C$23.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. TD boosted their price objective on shares of AGF Management from C$19.00 to C$24.00 and gave the stock a "buy" rating in a research note on Friday, June 19th. Finally, Desjardins upped their target price on AGF Management from C$22.00 to C$23.00 and gave the stock a "buy" rating in a report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$20.28.

AGF Management Price Performance

The firm has a 50 day simple moving average of C$21.56 and a 200-day simple moving average of C$19.43. The company has a quick ratio of 1.75, a current ratio of 1.19 and a debt-to-equity ratio of 11.27. The company has a market cap of C$1.46 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25.

AGF Management (TSE:AGF.B - Get Free Report) last announced its earnings results on Wednesday, June 24th. The company reported C$0.72 EPS for the quarter. AGF Management had a net margin of 16.58% and a return on equity of 7.64%. The business had revenue of C$126.70 million during the quarter. As a group, research analysts predict that AGF Management Limited will post 1.5610119 earnings per share for the current fiscal year.

About AGF Management

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.

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