AGI (NYSE:AGBK) Stock Price Up 7.7% - Should You Buy?

Key Points

• AGI shares jumped 7.7% to about $7.77 on Thursday, but trading was thin at roughly 69,228 shares — roughly 90% below its average daily volume.
• Analysts have largely initiated coverage with Buy/Outperform ratings (7 Buys, 1 Hold), giving a consensus "Moderate Buy" and an average price target of $17.14 (individual targets $15–$18).
• AGI's latest quarter showed an EPS miss of $0.05 vs. $0.27 expected (down $0.22), while revenue modestly beat at $547.8M vs. $541.7M consensus.

AGI Inc (NYSE:AGBK - Get Free Report) shares rose 7.7% during trading on Thursday . The company traded as high as $7.70 and last traded at $7.7730. Approximately 69,228 shares traded hands during trading, a decline of 90% from the average daily volume of 682,121 shares. The stock had previously closed at $7.22.

Analyst Upgrades and Downgrades

AGBK has been the topic of a number of research analyst reports. Itau BBA Securities started coverage on AGI in a research report on Monday, March 9th. They set an "outperform" rating and a $15.00 target price on the stock. Oppenheimer started coverage on AGI in a research report on Monday, March 9th. They set an "outperform" rating and a $15.00 price target on the stock. Zacks Research raised AGI to a "hold" rating in a research report on Tuesday, March 10th. HSBC assumed coverage on AGI in a research report on Thursday, March 5th. They set a "buy" rating and a $15.00 price target on the stock. Finally, Citigroup assumed coverage on shares of AGI in a research report on Monday, March 9th. They issued a "buy" rating and a $18.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, AGI has an average rating of "Moderate Buy" and an average target price of $17.14.

AGI Stock Up 9.9%

AGI (NYSE:AGBK - Get Free Report) last posted 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 business had revenue of $547.80 million during 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.

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