AGF Management (TSE:AGF.B) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• AGF Management shares rose above their 200-day moving average, trading as high as C$21.66 and last changing hands at C$21.61, up 4.3%.
• Analyst sentiment is broadly positive: five analysts rate the stock a Buy and three rate it a Hold, producing a “Moderate Buy” consensus. Recent price targets range from C$23 to C$24, though the overall consensus target is C$20.28.
• AGF reported quarterly EPS of C$0.72 on revenue of C$126.7 million, with a 16.58% net margin and 7.64% return on equity.

AGF Management Limited (TSE:AGF.B - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$19.73 and traded as high as C$21.66. AGF Management shares last traded at C$21.61, with a volume of 262,528 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AGF.B. Royal Bank Of Canada lifted their target price on AGF Management from C$21.00 to C$23.00 and gave the company an "outperform" rating in a research note on Thursday, June 25th. TD raised their price target on AGF Management from C$19.00 to C$24.00 and gave the company a "buy" rating in a report on Friday, June 19th. Finally, Desjardins lifted their price objective on shares of AGF Management from C$22.00 to C$23.00 and gave the company a "buy" rating in a research note on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, AGF Management has a consensus rating of "Moderate Buy" and a consensus target price of C$20.28.

AGF Management Stock Up 4.3%

The firm's fifty day moving average price is C$22.20 and its 200-day moving average price is C$19.73. The company has a debt-to-equity ratio of 11.27, a current ratio of 1.19 and a quick ratio of 1.75. The firm has a market capitalization of C$1.37 billion, a P/E ratio of 10.44, a PEG ratio of 1.18 and a beta of 1.25.

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

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