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

Shares of AGI Inc (NYSE:AGBK) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $15.8571.

AGBK has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on AGI in a research report on Monday, March 9th. They issued an “overweight” rating and a $21.00 target price for the company. Zacks Research raised AGI to a “hold” rating in a report on Tuesday, March 10th. Oppenheimer assumed coverage on AGI in a report on Monday, March 9th. They set an “outperform” rating and a $15.00 price target on the stock. Itau BBA Securities lowered AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price target on the stock. in a report on Wednesday, May 6th. Finally, Wall Street Zen raised AGI to a “hold” rating in a report on Saturday, February 21st.

AGI Trading Down 0.5%

Shares of NYSE AGBK opened at $7.14 on Friday. The firm has a market cap of $1.14 billion and a PE ratio of 23.02. AGI has a 52-week low of $6.40 and a 52-week high of $12.21. The firm has a 50-day moving average price of $7.64.

AGI (NYSE:AGBK) last announced its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $260.00 million during the quarter, compared to analyst estimates 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.