AGI Inc (NYSE:AGBK) Given Consensus Recommendation of “Moderate Buy” by Brokerages

by · The Markets Daily

Shares of AGI Inc (NYSE:AGBK – Get Free Report) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $15.8571.

A number of research firms recently issued reports on AGBK. Weiss Ratings assumed coverage on shares of AGI in a report on Tuesday, May 12th. They set a “sell (d)” rating for the company. Itau BBA Securities cut AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price objective on the stock. in a research note on Wednesday, May 6th. Finally, Susquehanna set a $14.00 target price on AGI in a research report on Friday, May 8th.

Read Our Latest Stock Report on AGBK

AGI Price Performance

Shares of AGI stock traded down $0.02 during trading on Friday, hitting $7.24. 140,961 shares of the company were exchanged, compared to its average volume of 531,941. The company has a market capitalization of $1.16 billion and a price-to-earnings ratio of 23.35. The stock has a fifty day moving average price of $7.05. AGI has a 1-year low of $6.32 and a 1-year high of $12.21.

AGI (NYSE:AGBK – Get Free Report) last announced 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 company had revenue of $260.00 million during the quarter, compared to analyst estimates of $445.13 million.

About AGI

(Get Free Report)

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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