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

AGI Inc (NYSE:AGBK) has been given an average rating of “Hold” by the nine analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $14.1429.

Several analysts have commented on AGBK shares. 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 report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of AGI in a report on Friday, August 7th. Zacks Research downgraded AGI from a “hold” rating to a “strong sell” rating in a report on Thursday, July 16th. The Goldman Sachs Group set a $13.00 target price on AGI in a report on Thursday, August 6th. Finally, Susquehanna set a $14.00 price target on AGI in a research note on Friday, May 8th.

AGI Price Performance

NYSE:AGBK opened at $6.18 on Monday. The firm has a market capitalization of $988.37 million and a price-to-earnings ratio of 10.47. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.31. AGI has a 1-year low of $5.91 and a 1-year high of $12.21. The firm has a 50 day moving average price of $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.