AGI (NYSE:AGBK) Sets New 12-Month Low – Time to Sell?

AGI Inc (NYSE:AGBK) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $5.99 and last traded at $6.05, with a volume of 211003 shares changing hands. The stock had previously closed at $6.14.

Wall Street Analysts Forecast Growth

AGBK has been the subject of several research analyst reports. The Goldman Sachs Group set a $13.00 price target on AGI in a research report on Thursday, August 6th. Susquehanna set a $14.00 price objective on AGI in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d)” rating on shares of AGI in a research note on Friday, August 7th. Zacks Research cut AGI from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. Finally, Itau BBA Securities downgraded 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. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, AGI presently has a consensus rating of “Hold” and a consensus price target of $14.14.

AGI Stock Up 2.4%

The company has a market capitalization of $973.17 million and a price-to-earnings ratio of 10.31. 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 50-day simple moving average of $6.85.

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.