Brokerages Set AGI Inc (NYSE:AGBK) Target Price at $17.14

AGI Inc (NYSE:AGBK) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on 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.

Several analysts have weighed in on AGBK shares. Wall Street Zen upgraded shares of AGI to a “hold” rating in a research note on Saturday, February 21st. Itau BBA Securities started coverage on AGI in a research report on Monday, March 9th. They issued an “outperform” rating and a $15.00 target price on the stock. Susquehanna assumed coverage on shares of AGI in a research note on Monday, March 9th. They issued a “positive” rating and a $17.00 price target for the company. Citigroup started coverage on AGI in a research note on Monday, March 9th. They set a “buy” rating and a $18.00 target price for the company. Finally, Oppenheimer began coverage on shares of AGI in a research report on Monday, March 9th. They issued an “outperform” rating and a $15.00 price target on the stock.

AGI Stock Performance

AGBK opened at $7.15 on Friday. AGI has a 52-week low of $6.77 and a 52-week high of $12.21.

AGI (NYSE:AGBK) last issued its quarterly earnings data on Monday, March 23rd. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.22). The business had revenue of $547.80 million for 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.