AGI (NYSE:AGBK) Given New $9.00 Price Target at Oppenheimer

AGI (NYSE:AGBK) had its price target lowered by equities researchers at Oppenheimer from $10.00 to $9.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 42.38% from the company’s previous close.

Several other research firms have also weighed in on AGBK. Susquehanna set a $14.00 target price on AGI in a report on Friday, May 8th. Weiss Ratings began coverage on shares of AGI in a research report on Tuesday, May 12th. They issued a “sell (d)” rating on the stock. The Goldman Sachs Group set a $13.00 price objective on shares of AGI in a research note on Thursday. Zacks Research lowered shares of AGI from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Finally, Itau BBA Securities lowered 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. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, AGI presently has a consensus rating of “Hold” and an average target price of $14.14.

AGI Price Performance

Shares of NYSE:AGBK opened at $6.32 on Friday. AGI has a fifty-two week low of $6.21 and a fifty-two week high of $12.21. The business has a 50-day moving average of $6.97. The firm has a market capitalization of $1.01 billion and a PE ratio of 20.50. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.17.

AGI (NYSE:AGBK) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $260.00 million for the quarter, compared to analyst estimates of $445.13 million. As a group, research analysts expect that AGI will post 1.38 EPS for the current fiscal year.

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.