Shares of PagSeguro Digital Ltd (NYSE:PAGS) have earned an average recommendation of “Buy” from the thirteen analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $37.13.
Several equities analysts have commented on the company. Credit Suisse Group upgraded PagSeguro Digital from an “underperform” rating to a “neutral” rating in a report on Monday, July 22nd. Cantor Fitzgerald initiated coverage on shares of PagSeguro Digital in a research note on Friday, June 28th. They issued an “overweight” rating and a $41.00 price objective on the stock. Goldman Sachs Group initiated coverage on shares of PagSeguro Digital in a research note on Monday, June 10th. They issued a “buy” rating and a $40.00 price objective on the stock. HSBC initiated coverage on shares of PagSeguro Digital in a research note on Tuesday, May 7th. They issued a “reduce” rating and a $24.00 price objective on the stock. Finally, KeyCorp raised their price objective on shares of PagSeguro Digital from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th.
Several institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in shares of PagSeguro Digital by 22.2% in the second quarter. Janus Henderson Group PLC now owns 8,226,841 shares of the company’s stock worth $320,599,000 after acquiring an additional 1,492,806 shares during the last quarter. Federated Investors Inc. PA boosted its stake in PagSeguro Digital by 15.1% during the first quarter. Federated Investors Inc. PA now owns 3,952,445 shares of the company’s stock worth $117,981,000 after buying an additional 519,146 shares in the last quarter. Bessemer Group Inc. boosted its stake in PagSeguro Digital by 1.0% during the second quarter. Bessemer Group Inc. now owns 2,246,276 shares of the company’s stock worth $87,539,000 after buying an additional 22,328 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in PagSeguro Digital by 6.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 2,155,986 shares of the company’s stock worth $84,019,000 after buying an additional 125,000 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in PagSeguro Digital by 389.3% during the first quarter. Wells Fargo & Company MN now owns 2,118,103 shares of the company’s stock worth $63,225,000 after buying an additional 1,685,234 shares in the last quarter.
Shares of PAGS stock opened at $45.64 on Tuesday. PagSeguro Digital has a 12 month low of $17.02 and a 12 month high of $48.88. The company’s 50 day moving average is $41.73. The firm has a market capitalization of $14.78 billion, a P/E ratio of 51.86, a PEG ratio of 1.45 and a beta of 0.69.
PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, beating the 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 company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. Analysts expect that PagSeguro Digital will post 1.17 earnings per share for the current year.
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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