AGI Inc (NYSE:AGBK) Receives Consensus Recommendation of “Hold” from Brokerages

AGI Inc (NYSE:AGBK) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $14.1429.

AGBK has been the subject of a number of research reports. Itau BBA Securities cut shares of AGI from an “outperform” rating to a “market perform” rating and set a $9.00 target price for the company. in a research report on Wednesday, May 6th. Zacks Research cut shares of AGI from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 16th. Weiss Ratings restated a “sell (d)” rating on shares of AGI in a research report on Friday, August 7th. Susquehanna set a $14.00 target price on AGI in a report on Friday, May 8th. Finally, The Goldman Sachs Group set a $13.00 price target on AGI in a research report on Thursday, August 6th.

AGI Stock Down 0.8%

AGI stock opened at $6.16 on Thursday. The stock has a market cap of $985.17 million and a price-to-earnings ratio of 10.44. AGI has a 52 week low of $6.07 and a 52 week high of $12.21. The stock has a 50-day simple moving average of $6.90. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.31.

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.