AGI (NYSE:AGBK) Stock Rating Lowered by Zacks Research

AGI (NYSE:AGBK) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on AGBK. Itau BBA Securities cut AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price objective on the stock. in a report on Wednesday, May 6th. Weiss Ratings assumed coverage on AGI in a research note on Tuesday, May 12th. They set a “sell (d)” rating for the company. Finally, Susquehanna set a $14.00 target price on shares of AGI in a report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.86.

AGI Price Performance

Shares of AGI stock opened at $6.92 on Thursday. The business’s fifty day simple moving average is $7.05. The firm has a market cap of $1.11 billion and a P/E ratio of 22.31. AGI has a 12 month low of $6.32 and a 12 month high of $12.21.

AGI (NYSE:AGBK) last posted its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $260.00 million during the quarter, compared to analyst estimates of $445.13 million.

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.