AGI Inc (NYSE:AGBK) Receives $15.86 Average Target Price from Analysts

Shares of AGI Inc (NYSE:AGBK) have received an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $15.8571.

AGBK has been the subject of a number of recent analyst reports. Itau BBA Securities cut 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. Weiss Ratings started coverage on AGI in a report on Tuesday, May 12th. They set a “sell (d)” rating on the stock. Susquehanna set a $14.00 price target on AGI in a report on Friday, May 8th. Finally, Zacks Research cut shares of AGI from a “hold” rating to a “strong sell” rating in a research report on Thursday.

AGI Stock Performance

Shares of AGBK stock opened at $6.92 on Friday. AGI has a 52-week low of $6.32 and a 52-week high of $12.21. The company has a market cap of $1.11 billion and a PE ratio of 22.31. The firm has a 50-day moving average price of $7.05.

AGI (NYSE:AGBK) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $260.00 million for 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.