AGI (NYSE:AGBK) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of AGI (NYSE:AGBK) from a hold rating to a strong sell rating in a research report report published on Thursday,Zacks.com reports.

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

AGI Stock Performance

Shares of AGI stock opened at $6.92 on Thursday. The stock’s 50-day simple moving average is $7.05. AGI has a 1-year low of $6.32 and a 1-year high of $12.21. The firm has a market cap of $1.11 billion and a P/E ratio of 22.31.

AGI (NYSE:AGBK) last announced its earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating the consensus estimate 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.

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.