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

Shares of AGI Inc (NYSE:AGBK) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $17.1429.

A number of research firms recently weighed in on AGBK. Wall Street Zen raised shares of AGI to a “hold” rating in a research report on Saturday, February 21st. Susquehanna started coverage on shares of AGI in a research report on Monday, March 9th. They issued a “positive” rating and a $17.00 price objective for the company. Zacks Research raised shares of AGI to a “hold” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group started coverage on shares of AGI in a research report on Monday, March 9th. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Citigroup started coverage on shares of AGI in a research report on Monday, March 9th. They issued a “buy” rating and a $18.00 price objective for the company.

AGI Price Performance

Shares of AGBK stock opened at $6.77 on Tuesday. The stock’s fifty day moving average is $8.83. AGI has a 12-month low of $6.46 and a 12-month high of $12.21. The company has a market capitalization of $1.08 billion and a P/E ratio of 135.46.

AGI (NYSE:AGBK) last released its earnings results on Monday, March 23rd. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.22). The company had revenue of $547.80 million for the quarter, compared to analyst estimates of $541.66 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.