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

AGI Inc (NYSE:AGBK)’s share price hit a new 52-week low on Monday . The stock traded as low as $6.40 and last traded at $6.3850, with a volume of 130937 shares trading hands. The stock had previously closed at $6.71.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. HSBC assumed coverage on shares of AGI in a research report on Thursday, March 5th. They issued a “buy” rating and a $15.00 price target on the stock. Weiss Ratings assumed coverage on shares of AGI in a research report on Tuesday, May 12th. They issued a “sell (d)” rating on the stock. Zacks Research upgraded shares of AGI to a “hold” rating in a research report on Tuesday, March 10th. Susquehanna set a $14.00 price target on shares of AGI in a research report on Friday, May 8th. Finally, Oppenheimer assumed coverage on shares of AGI in a research report on Monday, March 9th. They issued an “outperform” rating and a $15.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.86.

AGI Stock Down 5.1%

The firm has a market capitalization of $1.02 billion and a price-to-earnings ratio of 20.55. The firm has a 50 day moving average of $7.22.

AGI (NYSE:AGBK) last posted its quarterly earnings results 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 business had revenue of $260.00 million for the quarter, compared to the consensus estimate of $445.13 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.