AGI Inc (NYSE:AGBK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of AGI Inc (NYSE:AGBK) have received an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.1429.

AGBK has been the subject of several recent research reports. Morgan Stanley started coverage on shares of AGI in a report on Monday, March 9th. They set an “overweight” rating and a $21.00 target price for the company. Citigroup initiated coverage on shares of AGI in a research report on Monday, March 9th. They set a “buy” rating and a $18.00 price target on the stock. Oppenheimer initiated coverage on AGI in a report on Monday, March 9th. They issued an “outperform” rating and a $15.00 price objective for the company. Wall Street Zen raised AGI to a “hold” rating in a research report on Saturday, February 21st. Finally, Itau BBA Securities began coverage on AGI in a research note on Monday, March 9th. They issued an “outperform” rating and a $15.00 price target for the company.

AGI Price Performance

Shares of NYSE:AGBK opened at $7.15 on Friday. AGI has a 12 month low of $6.77 and a 12 month high of $12.21.

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