AGI (NYSE:AGBK) Hits New 12-Month Low – Should You Sell?

AGI Inc (NYSE:AGBK) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $6.42 and last traded at $6.57, with a volume of 292649 shares. The stock had previously closed at $6.81.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AGBK shares. HSBC started coverage on AGI in a research report on Thursday, March 5th. They set a “buy” rating and a $15.00 price objective for the company. Morgan Stanley started coverage on AGI in a research report on Monday, March 9th. They set an “overweight” rating and a $21.00 price objective for the company. Citigroup started coverage on AGI in a research report on Monday, March 9th. They set a “buy” rating and a $18.00 price objective for the company. The Goldman Sachs Group started coverage on AGI in a research report on Monday, March 9th. They set a “buy” rating and a $19.00 price objective for the company. Finally, Wall Street Zen upgraded AGI to a “hold” rating in a research report on Saturday, February 21st. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.14.

AGI Price Performance

The stock has a fifty day moving average price of $8.83. The stock has a market capitalization of $1.05 billion and a PE ratio of 132.00.

AGI (NYSE:AGBK) last released its earnings results on Monday, March 23rd. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.22). The company had revenue of $547.80 million during the quarter, compared to analysts’ expectations of $541.66 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.