AGI (NYSE:AGBK) Price Target Cut to $9.00 by Analysts at Oppenheimer

AGI (NYSE:AGBK) had its target price lowered by Oppenheimer from $10.00 to $9.00 in a research note released on Friday, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms also recently commented on AGBK. Weiss Ratings assumed coverage on AGI in a research report on Tuesday, May 12th. They set a “sell (d)” rating on the stock. The Goldman Sachs Group set a $13.00 price target on AGI in a research report on Thursday. Itau BBA Securities lowered shares of AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price objective on the stock. in a research report on Wednesday, May 6th. Zacks Research cut shares of AGI from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Finally, Susquehanna set a $14.00 target price on shares of AGI in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.14.

AGI Price Performance

Shares of AGBK stock opened at $6.17 on Friday. The business’s fifty day simple moving average is $6.95. The firm has a market capitalization of $986.45 million and a price-to-earnings ratio of 19.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.51 and a quick ratio of 1.34. AGI has a 1-year low of $6.07 and a 1-year high of $12.21.

AGI (NYSE:AGBK) last issued 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 company had revenue of $260.00 million during the quarter, compared to analysts’ expectations of $445.13 million. Equities research analysts expect that AGI will post 1.38 earnings per share for the current fiscal year.

About AGI

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.