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

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

Several research analysts have recently commented on AGBK shares. Citigroup started coverage on AGI in a research report on Monday, March 9th. They set a “buy” rating and a $18.00 price target for the company. Itau BBA Securities lowered AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price target for the company. in a research report on Wednesday, May 6th. Oppenheimer assumed coverage on AGI in a research note on Monday, March 9th. They issued an “outperform” rating and a $15.00 price objective on the stock. The Goldman Sachs Group assumed coverage on AGI in a research note on Monday, March 9th. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, Zacks Research upgraded AGI to a “hold” rating in a research note on Tuesday, March 10th.

AGI Stock Down 0.5%

Shares of AGI stock opened at $7.14 on Friday. The stock has a market capitalization of $1.14 billion and a price-to-earnings ratio of 23.02. AGI has a fifty-two week low of $6.40 and a fifty-two week high of $12.21. The stock has a 50 day simple moving average of $7.64.

AGI (NYSE:AGBK) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $260.00 million for the quarter, compared to analysts’ expectations of $445.13 million.

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.