Oppenheimer Lowers AGI (NYSE:AGBK) Price Target to $9.00

Key Points

• Oppenheimer lowered AGI’s price target from $10 to $9 while maintaining an “outperform” rating, implying roughly 42% upside from the stock’s $6.32 price.
• Analyst sentiment is mixed: AGI has a consensus “Hold” rating and an average price target of $14.14, with six Buy, one Hold, and two Sell ratings.
• AGI recently reported quarterly EPS of $0.26, beating estimates by $0.01, but revenue of $260 million fell well short of the $445.13 million analyst consensus.

AGI (NYSE:AGBK - Get Free Report) had its price target dropped by analysts at Oppenheimer from $10.00 to $9.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Oppenheimer's target price points to a potential upside of 42.38% from the stock's current price.

AGBK has been the topic of a number of other reports. Zacks Research downgraded shares of AGI from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 16th. Susquehanna set a $14.00 target price on shares of AGI in a research note on Friday, May 8th. Itau BBA Securities cut shares of AGI from an "outperform" rating to a "market perform" rating and set a $9.00 price target on the stock. in a report on Wednesday, May 6th. Weiss Ratings initiated coverage on AGI in a report on Tuesday, May 12th. They set a "sell (d)" rating for the company. Finally, The Goldman Sachs Group set a $13.00 price objective on AGI in a research report on Thursday. Six investment 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, AGI has an average rating of "Hold" and a consensus price target of $14.14.

AGI Trading Down 0.6%

Shares of NYSE AGBK opened at $6.32 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.34 and a quick ratio of 1.34. AGI has a one year low of $6.21 and a one year high of $12.21. The business's 50-day simple moving average is $6.97. The firm has a market cap of $1.01 billion and a price-to-earnings ratio of 20.50.

AGI (NYSE:AGBK - Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.01. The business had revenue of $260.00 million during the quarter, compared to analyst estimates of $445.13 million. Research analysts anticipate that AGI will post 1.38 EPS for the current 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.

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