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

Shares of AGI Inc (NYSE:AGBK) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.8571.

Several brokerages have recently weighed in on AGBK. Wall Street Zen raised shares of AGI to a “hold” rating in a research note on Saturday, February 21st. Morgan Stanley initiated coverage on shares of AGI in a research note on Monday, March 9th. They issued an “overweight” rating and a $21.00 price target on the stock. Itau BBA Securities downgraded shares of AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price target on the stock. in a research note on Wednesday, May 6th. Weiss Ratings initiated coverage on shares of AGI in a research note 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 research note on Friday, May 8th.

AGI Trading Up 1.8%

Shares of AGBK opened at $7.07 on Wednesday. AGI has a twelve month low of $6.32 and a twelve month high of $12.21. The stock has a market capitalization of $1.13 billion and a P/E ratio of 22.80. The company has a fifty day moving average price of $7.16.

AGI (NYSE:AGBK) last announced its earnings results on Tuesday, May 5th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $260.00 million during 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.