AGI Inc (NYSE:AGBK) Given Consensus Rating of “Hold” by Analysts

Shares of AGI Inc (NYSE:AGBK) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $15.8571.

Several equities analysts have recently weighed in on AGBK shares. Susquehanna set a $14.00 price objective on shares of AGI in a research note on Friday, May 8th. Zacks Research cut shares of AGI from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Itau BBA Securities downgraded shares of AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price objective for the company. in a research report on Wednesday, May 6th. Finally, Weiss Ratings assumed coverage on AGI in a report on Tuesday, May 12th. They issued a “sell (d)” rating on the stock.

AGI Stock Performance

AGI stock opened at $6.82 on Thursday. AGI has a one year low of $6.32 and a one year high of $12.21. The firm’s fifty day moving average price is $6.99. The stock has a market capitalization of $1.09 billion and a PE ratio of 22.00.

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