AGI Inc (NYSE:AGBK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of AGI Inc (NYSE:AGBK – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.8571.

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

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AGI Stock Down 0.3%

NYSE AGBK traded down $0.02 on Friday, hitting $7.24. The company had a trading volume of 140,961 shares, compared to its average volume of 531,941. The company’s fifty day moving average price is $7.05. The stock has a market capitalization of $1.16 billion and a P/E ratio of 23.35. AGI has a 12-month low of $6.32 and a 12-month high of $12.21.

AGI (NYSE:AGBK – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $260.00 million for the quarter, compared to analysts’ expectations of $445.13 million.

About AGI

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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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