AGI Inc (NYSE:AGBK) Receives Average Recommendation of “Hold” from Brokerages

AGI Inc (NYSE:AGBK) has received a consensus recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $14.1429.

Several brokerages have recently weighed in on AGBK. Zacks Research downgraded shares of AGI from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. The Goldman Sachs Group set a $13.00 price objective on AGI in a research report on Thursday, August 6th. Itau BBA Securities cut AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price target for the company. in a research note on Wednesday, May 6th. Weiss Ratings reissued a “sell (d)” rating on shares of AGI in a research note on Friday, August 7th. Finally, Oppenheimer dropped their price target on shares of AGI from $10.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th.

AGI Stock Performance

Shares of AGI stock opened at $6.18 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $988.37 million and a P/E ratio of 10.47. AGI has a 1 year low of $5.91 and a 1 year high of $12.21. The stock’s fifty day simple moving average is $6.72.

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.