AGI (NYSE:AGBK) Reaches New 1-Year Low – Time to Sell?

AGI Inc (NYSE:AGBK)’s share price 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 changing hands. The stock had previously closed at $6.71.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AGBK shares. Wall Street Zen upgraded shares of AGI to a “hold” rating in a report on Saturday, February 21st. HSBC assumed coverage on shares of AGI in a report on Thursday, March 5th. They set a “buy” rating and a $15.00 price target on the stock. Morgan Stanley assumed 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. The Goldman Sachs Group assumed coverage on shares of AGI in a report on Monday, March 9th. They issued a “buy” rating and a $19.00 target price on the stock. Finally, Weiss Ratings assumed coverage on shares of AGI in a report on Tuesday, May 12th. They issued a “sell (d)” rating on the stock. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.86.

AGI Price Performance

The company’s 50-day moving average price is $7.22. The firm has a market cap of $1.02 billion and a price-to-earnings ratio of 20.55.

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