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

Key Points

• Shares of AGI (NYSE:AGBK) hit a new 52-week low Friday, trading as low as $8.94 and last at $8.97, down about 4.4% on the session.
• Analysts are largely bullish—seven Buy and one Hold—resulting in a MarketBeat consensus of Moderate Buy and an average price target of $17.14; recent initiations include Morgan Stanley ($21), Citi ($18) and HSBC ($15).
• AGI’s business focuses on providing banking and credit solutions to underserved Brazilian consumers (including social security beneficiaries and lower-income or less tech‑savvy individuals) to improve access and affordability.

Shares of AGI Inc (NYSE:AGBK - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $8.94 and last traded at $8.9710, with a volume of 25420 shares. The stock had previously closed at $9.34.

Analyst Ratings Changes

Several equities analysts have commented on AGBK shares. Zacks Research raised AGI to a "hold" rating in a report on Tuesday, March 10th. Citigroup assumed coverage on AGI in a research report on Monday, March 9th. They set a "buy" rating and a $18.00 price objective on the stock. Morgan Stanley initiated coverage on AGI in a research report on Monday, March 9th. They issued an "overweight" rating and a $21.00 target price for the company. HSBC initiated coverage on shares of AGI in a research note on Thursday, March 5th. They set a "buy" rating and a $15.00 price target on the stock. Finally, Wall Street Zen upgraded shares of AGI to a "hold" rating in a research note on Saturday, February 21st. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.14.

AGI Trading Down 4.4%

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.

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