PagSeguro Digital (NYSE:PAGS) had its price objective boosted by Guggenheim from $36.00 to $50.00 in a research note published on Friday morning, The Fly reports. They currently have a buy rating on the stock.
Several other research firms have also recently weighed in on PAGS. HSBC began coverage on StoneCo in a research report on Tuesday, May 7th. They issued a reduce rating and a $20.00 price objective on the stock. Goldman Sachs Group cut SUMCO CORP/ADR from a buy rating to a neutral rating in a research report on Monday, June 10th. JPMorgan Chase & Co. boosted their price objective on Edwards Lifesciences from $175.00 to $190.00 and gave the stock a neutral rating in a research report on Wednesday, March 27th. They noted that the move was a valuation call. Cantor Fitzgerald set a $18.00 price objective on Chiasma and gave the stock a buy rating in a research report on Friday, June 28th. Finally, KeyCorp boosted their price objective on Steris from $135.00 to $138.00 and gave the stock an overweight rating in a research report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. PagSeguro Digital has an average rating of Buy and a consensus target price of $36.00.
PAGS stock opened at $43.97 on Friday. The stock has a fifty day simple moving average of $37.31. PagSeguro Digital has a 1-year low of $17.02 and a 1-year high of $45.66. The stock has a market capitalization of $14.37 billion, a PE ratio of 49.97, a P/E/G ratio of 1.40 and a beta of 0.66.
PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.76. PagSeguro Digital had a return on equity of 18.15% and a net margin of 23.00%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. The company’s quarterly revenue was up 34.8% on a year-over-year basis. As a group, equities analysts predict that PagSeguro Digital will post 1.17 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new position in shares of PagSeguro Digital during the 1st quarter valued at $28,000. Marshall Wace LLP purchased a new position in shares of PagSeguro Digital during the 1st quarter valued at $60,000. Catamount Wealth Management purchased a new position in shares of PagSeguro Digital during the 1st quarter valued at $66,000. Tortoise Index Solutions LLC purchased a new position in shares of PagSeguro Digital during the 1st quarter valued at $71,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of PagSeguro Digital during the 1st quarter valued at $90,000.
About PagSeguro Digital
PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.
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