AGI (NYSE:AGBK) Reaches New 1-Year Low – What’s Next?

AGI Inc (NYSE:AGBK) reached a new 52-week low on Monday . The company traded as low as $6.40 and last traded at $6.3850, with a volume of 130937 shares traded. The stock had previously closed at $6.71.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Itau BBA Securities lowered AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price target on the stock. in a report on Wednesday, May 6th. Weiss Ratings started coverage on shares of AGI in a research note on Tuesday, May 12th. They set a “sell (d)” rating on the stock. Morgan Stanley began coverage on shares of AGI in a report on Monday, March 9th. They issued an “overweight” rating and a $21.00 target price on the stock. HSBC began coverage on shares of AGI in a research report on Thursday, March 5th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Citigroup started coverage on AGI in a research report on Monday, March 9th. They issued a “buy” rating and a $18.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, AGI currently has an average rating of “Moderate Buy” and a consensus target price of $15.86.

AGI Price Performance

The company has a market cap of $1.05 billion and a PE ratio of 21.09. The company has a fifty day moving average of $7.19.

AGI (NYSE:AGBK) last announced its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $260.00 million during the quarter, compared to analysts’ expectations of $445.13 million.

AGI Company Profile

Our mission is to revolutionize financial services for the largest and fastest growing segment of Brazil’s population: individuals who have been underserved by incumbent banks and have not been effectively reached by digital-only banks. We seek to make credit and banking solutions more accessible and affordable for the Brazilian consumers who we believe need it the most, including social security beneficiaries and private and public sector workers. We have designed a unique value proposition for this population, who may be older, have a lower income, be less tech-savvy or have less access to education.