AGI (NYSE:AGBK) Hits New 1-Year Low – Here’s What Happened

AGI Inc (NYSE:AGBK) reached a new 52-week low on Wednesday . The stock traded as low as $6.07 and last traded at $6.09, with a volume of 90075 shares traded. The stock had previously closed at $6.21.

Analyst Ratings Changes

A number of brokerages recently commented on AGBK. Susquehanna set a $14.00 target price on AGI in a report on Friday, May 8th. 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 target on shares of AGI in a research report on Thursday, August 6th. Oppenheimer cut their price objective on AGI from $10.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of AGI in a research report on Friday. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.14.

AGI Stock Performance

The stock has a 50-day moving average price of $6.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market capitalization of $972.37 million and a price-to-earnings ratio of 19.61.

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.