AGI (NYSE:AGBK) Shares Up 4.6% – What’s Next?

Shares of AGI Inc (NYSE:AGBK) shot up 4.6% during mid-day trading on Tuesday . The stock traded as high as $6.49 and last traded at $6.4970. Approximately 37,354 shares were traded during mid-day trading, a decline of 92% from the average session volume of 473,837 shares. The stock had previously closed at $6.21.

Analyst Upgrades and Downgrades

AGBK has been the topic of a number of research analyst reports. Susquehanna set a $14.00 price objective on shares of AGI in a research report on Friday, May 8th. Zacks Research downgraded AGI from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Oppenheimer decreased their price target on AGI from $10.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, August 7th. The Goldman Sachs Group set a $13.00 price objective on shares of AGI in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of AGI in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.14.

AGI Stock Performance

The firm’s 50-day moving average is $6.71. The company has a market cap of $1.04 billion and a P/E ratio of 11.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.51 and a quick ratio of 1.51.

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.