AGI (NYSE:AGBK) Sets New 52-Week Low - What's Next?

Key Points

• AGI (AGBK) hit a new 52‑week low, trading as low as $6.42 and last at $6.57 (down ~3.2%) on volume of about 292,649, trading well below its 50‑day moving average of $8.83.
• Analysts remain broadly bullish with seven Buy ratings and one Hold, and an average price target of $17.14 (range roughly $15–$21), implying substantial upside from current levels.
• In the latest quarter AGI reported EPS of $0.05, missing consensus by $0.22, while revenue of $547.8 million slightly beat estimates.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AGBK. HSBC began coverage on AGI in a research report on Thursday, March 5th. They set a "buy" rating and a $15.00 target price on the stock. Zacks Research raised AGI to a "hold" rating in a report on Tuesday, March 10th. Itau BBA Securities started coverage on AGI in a report on Monday, March 9th. They issued an "outperform" rating and a $15.00 price objective for the company. Susquehanna started coverage on AGI in a report on Monday, March 9th. They issued a "positive" rating and a $17.00 price objective for the company. Finally, Morgan Stanley started coverage on AGI in a report on Monday, March 9th. They issued an "overweight" rating and a $21.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.14.

AGI Stock Down 3.2%

The company has a market capitalization of $1.05 billion and a P/E ratio of 132.00. The company's fifty day moving average is $8.83.

AGI (NYSE:AGBK - Get Free Report) last posted its earnings results on Monday, March 23rd. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.22). The firm had revenue of $547.80 million during the quarter, compared to the consensus estimate of $541.66 million.

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.

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