AGI (NYSE:AGBK) Shares Down 0.3% – Here’s What Happened

AGI Inc (NYSE:AGBK)’s share price traded down 0.3% during trading on Friday . The company traded as low as $7.05 and last traded at $7.24. Approximately 140,961 shares changed hands during trading, a decline of 74% from the average session volume of 531,941 shares. The stock had previously closed at $7.26.

Analyst Upgrades and Downgrades

AGBK has been the subject of a number of recent research reports. Itau BBA Securities downgraded AGI from an “outperform” rating to a “market perform” rating and set a $9.00 target price for the company. in a research note on Wednesday, May 6th. Weiss Ratings began coverage on shares of AGI in a research report on Tuesday, May 12th. They set a “sell (d)” rating on the stock. Finally, Susquehanna set a $14.00 price objective on shares of AGI in a report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, AGI has an average rating of “Moderate Buy” and an average target price of $15.86.

AGI Price Performance

The company has a market cap of $1.16 billion and a PE ratio of 23.35. The company has a fifty day moving average of $7.05.

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

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.