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

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

Several equities research analysts have recently commented on the company. Weiss Ratings assumed coverage on AGI in a research note on Tuesday, May 12th. They set a “sell (d)” rating for the company. Wall Street Zen raised shares of AGI to a “hold” rating in a report on Saturday, February 21st. Morgan Stanley initiated coverage on shares of AGI in a report on Monday, March 9th. They issued an “overweight” rating and a $21.00 target price on the stock. HSBC initiated coverage on shares of AGI in a report on Thursday, March 5th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, The Goldman Sachs Group initiated coverage on AGI in a research note on Monday, March 9th. They set a “buy” rating and a $19.00 target price for the company.

AGI Stock Performance

NYSE AGBK opened at $7.20 on Friday. AGI has a 52-week low of $6.40 and a 52-week high of $12.21. The business’s 50-day moving average is $7.39. The stock has a market capitalization of $1.15 billion and a price-to-earnings ratio of 23.23.

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 company 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.