AGI (NYSE:AGBK) Sees Strong Trading Volume – Time to Buy?

AGI Inc (NYSE:AGBK) shares saw an uptick in trading volume on Monday . 796,508 shares traded hands during trading, an increase of 27% from the previous session’s volume of 627,575 shares.The stock last traded at $7.0050 and had previously closed at $6.91.

Analyst Upgrades and Downgrades

AGBK has been the subject of a number of research analyst reports. Oppenheimer began coverage on AGI in a report on Monday, March 9th. They issued an “outperform” rating and a $15.00 price target for the company. The Goldman Sachs Group began coverage on shares of AGI in a research note on Monday, March 9th. They set a “buy” rating and a $19.00 price target for the company. HSBC started coverage on shares of AGI in a research note on Thursday, March 5th. They issued a “buy” rating and a $15.00 price objective on the stock. Morgan Stanley started coverage on AGI in a report on Monday, March 9th. They set an “overweight” rating and a $21.00 price target on the stock. Finally, Wall Street Zen raised AGI to a “hold” rating in a research report on Saturday, February 21st. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.14.

AGI Stock Performance

AGI (NYSE:AGBK) last announced its quarterly earnings data on Monday, March 23rd. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.22). The company had revenue of $547.80 million during the quarter, compared to analysts’ expectations of $541.66 million.

AGI Company Profile

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.