AGI (NYSE:AGBK) Sets New 12-Month Low – Here’s Why

AGI Inc (NYSE:AGBK) hit a new 52-week low on Thursday . The stock traded as low as $6.21 and last traded at $6.47, with a volume of 84397 shares traded. The stock had previously closed at $6.88.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Itau BBA Securities downgraded 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 downgraded AGI from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Susquehanna set a $14.00 price target on AGI in a report on Friday, May 8th. Finally, Weiss Ratings began coverage on AGI in a research report on Tuesday, May 12th. They issued a “sell (d)” rating for the company. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.86.

AGI Stock Down 6.6%

The stock has a market capitalization of $1.03 billion and a PE ratio of 20.81. The company has a 50 day moving average price of $6.99.

AGI (NYSE:AGBK) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, topping 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.