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

AGI Inc (NYSE:AGBK) shares hit a new 52-week low during trading on Thursday . The company traded as low as $7.51 and last traded at $7.6970, with a volume of 1498946 shares trading hands. The stock had previously closed at $8.23.

Analyst Ratings Changes

AGBK has been the subject of a number of recent research reports. HSBC initiated coverage on AGI in a research report on Thursday, March 5th. They set a “buy” rating and a $15.00 target price for the company. The Goldman Sachs Group assumed coverage on AGI in a research report on Monday, March 9th. They issued a “buy” rating and a $19.00 price objective for the company. Wall Street Zen upgraded shares of AGI to a “hold” rating in a research report on Saturday, February 21st. Oppenheimer started coverage on shares of AGI in a research note on Monday, March 9th. They issued an “outperform” rating and a $15.00 target price on the stock. Finally, Susquehanna started coverage on shares of AGI in a research report on Monday, March 9th. They set a “positive” rating and a $17.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, AGI has an average rating of “Moderate Buy” and an average price target of $17.14.

AGI Price Performance

AGI (NYSE:AGBK) last issued its earnings results on Monday, March 23rd. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.22). The business had revenue of $547.80 million for the quarter, compared to analysts’ expectations of $541.66 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.