AGI Inc (NYSE:AGBK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

AGI Inc (NYSE:AGBK) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $15.8571.

Several research analysts have issued reports on AGBK shares. Citigroup started coverage on shares of AGI in a report on Monday, March 9th. They set a “buy” rating and a $18.00 target price on the stock. Oppenheimer initiated coverage on shares of AGI in a report on Monday, March 9th. They issued an “outperform” rating and a $15.00 price target 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 price target on the stock. Weiss Ratings initiated coverage on shares of AGI in a report on Tuesday, May 12th. They issued a “sell (d)” rating on the stock. Finally, Susquehanna set a $14.00 price target on shares of AGI in a report on Friday, May 8th.

AGI Trading Up 1.8%

Shares of AGI stock opened at $7.07 on Wednesday. AGI has a 1 year low of $6.32 and a 1 year high of $12.21. The business’s 50-day simple moving average is $7.16. The company has a market cap of $1.13 billion and a PE ratio of 22.80.

AGI (NYSE:AGBK) last issued 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 business had revenue of $260.00 million for the quarter, compared to the consensus estimate 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.