AGI Inc (NYSE:AGBK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of AGI Inc (NYSE:AGBK) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.8571.

A number of research firms have commented on AGBK. The Goldman Sachs Group began coverage on AGI in a report on Monday, March 9th. They set a “buy” rating and a $19.00 target price on the stock. Oppenheimer began coverage on AGI in a report on Monday, March 9th. They set an “outperform” rating and a $15.00 target price on the stock. Susquehanna set a $14.00 target price on AGI in a report on Friday, May 8th. Itau BBA Securities downgraded AGI from an “outperform” rating to a “market perform” rating and set a $9.00 target price on the stock. in a report on Wednesday, May 6th. Finally, Citigroup began coverage on AGI in a report on Monday, March 9th. They set a “buy” rating and a $18.00 target price on the stock.

AGI Price Performance

Shares of AGBK opened at $6.93 on Wednesday. The stock has a market capitalization of $1.11 billion and a P/E ratio of 22.35. AGI has a one year low of $6.32 and a one year high of $12.21. The company has a 50-day simple moving average of $7.15.

AGI (NYSE:AGBK) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 EPS 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 analysts’ expectations of $445.13 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.