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

Shares of AGI Inc (NYSE:AGBK) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $15.8571.

Several equities analysts have recently commented on AGBK shares. Susquehanna set a $14.00 price objective on AGI in a research report on Friday, May 8th. Weiss Ratings initiated coverage on AGI in a research note on Tuesday, May 12th. They set a “sell (d)” rating on the stock. Zacks Research downgraded AGI from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Finally, Itau BBA Securities lowered AGI from an “outperform” rating to a “market perform” rating and set a $9.00 price objective for the company. in a research report on Wednesday, May 6th.

AGI Trading Down 2.6%

Shares of NYSE AGBK opened at $6.82 on Thursday. The stock has a market capitalization of $1.09 billion and a PE ratio of 22.00. AGI has a 1 year low of $6.32 and a 1 year high of $12.21. The stock has a fifty day moving average price of $6.99.

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