AGI (NYSE:AGBK) Releases Earnings Results, Beats Expectations By $0.01 EPS

AGI (NYSE:AGBK) released its quarterly earnings results on Tuesday. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01, Zacks reports.

AGI Stock Performance

AGBK stock traded down $0.23 during trading on Tuesday, reaching $6.58. The company had a trading volume of 1,182,679 shares, compared to its average volume of 639,116. The business has a 50-day simple moving average of $8.83. The firm has a market cap of $1.05 billion and a P/E ratio of 131.56. AGI has a twelve month low of $6.42 and a twelve month high of $12.21.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of AGI in a report on Monday, March 9th. They issued a “buy” rating and a $18.00 price target on the stock. Morgan Stanley assumed coverage on shares of AGI in a report on Monday, March 9th. They issued an “overweight” rating and a $21.00 price target on the stock. Wall Street Zen upgraded shares of AGI to a “hold” rating in a report on Saturday, February 21st. HSBC assumed 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. Finally, The Goldman Sachs Group assumed coverage on shares of AGI in a report on Monday, March 9th. They issued a “buy” rating and a $19.00 price target on the stock. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, AGI has a consensus rating of “Moderate Buy” and a consensus target price of $17.14.

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.