AGI Inc (NYSE:AGBK – Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $6.21 and last traded at $6.47, with a volume of 84397 shares changing hands. The stock had previously closed at $6.88.
Analyst Ratings Changes
AGBK has been the subject of a number of research analyst reports. Weiss Ratings started coverage on AGI in a report on Tuesday, May 12th. They set a “sell (d)” rating for the company. Oppenheimer decreased their target price on shares of AGI from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday. Itau BBA Securities cut 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 note on Wednesday, May 6th. Susquehanna set a $14.00 target price on AGI in a research note on Friday, May 8th. Finally, Zacks Research downgraded AGI from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $14.14.
Read Our Latest Stock Analysis on AGI
AGI Stock Down 3.0%
AGI (NYSE:AGBK – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $260.00 million during the quarter, compared to the consensus estimate of $445.13 million. As a group, research analysts forecast that AGI Inc will post 1.38 EPS for the current 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.
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