AGI (NYSE:AGBK) Trading 4.6% Higher – Here’s What Happened

AGI Inc (NYSE:AGBK) traded up 4.6% during trading on Tuesday . The company traded as high as $6.49 and last traded at $6.4970. 37,354 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 473,837 shares. The stock had previously closed at $6.21.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Itau BBA Securities cut shares of AGI from an “outperform” rating to a “market perform” rating and set a $9.00 target price for the company. in a research report on Wednesday, May 6th. The Goldman Sachs Group set a $13.00 price objective on AGI in a research report on Thursday, August 6th. Zacks Research lowered AGI from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Susquehanna set a $14.00 target price on AGI in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of AGI in a report on Friday, August 7th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.14.

AGI Stock Performance

The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.04 billion and a price-to-earnings ratio of 11.01. The firm has a fifty day moving average price of $6.71.

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.