AGI (NYSE:AGBK) Raised to Hold at Zacks Research

AGI (NYSE:AGBK) was upgraded by Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Itau BBA Securities assumed coverage on AGI in a report on Monday. They issued an “outperform” rating and a $15.00 target price for the company. Susquehanna assumed coverage on AGI in a research note on Monday. They set a “positive” rating and a $17.00 price target on the stock. The Goldman Sachs Group initiated coverage on AGI in a research note on Monday. They issued a “buy” rating and a $19.00 price objective for the company. HSBC began coverage on AGI in a report on Thursday, March 5th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Oppenheimer initiated coverage on shares of AGI in a report on Monday. They issued an “outperform” rating and a $15.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, AGI has an average rating of “Moderate Buy” and a consensus target price of $17.14.

AGI Stock Down 1.7%

Shares of AGBK opened at $9.98 on Tuesday. AGI has a 52-week low of $9.95 and a 52-week high of $12.21.

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.