ValuEngine cut shares of PagSeguro Digital (NYSE:PAGS) from a buy rating to a hold rating in a research note released on Thursday morning, ValuEngine reports.
Several other equities analysts also recently issued reports on the stock. Guggenheim lifted their price target on shares of PagSeguro Digital from $36.00 to $50.00 and gave the company a buy rating in a report on Friday, July 12th. Goldman Sachs Group began coverage on shares of PagSeguro Digital in a research note on Monday, June 10th. They issued a buy rating and a $40.00 target price for the company. Credit Suisse Group raised shares of PagSeguro Digital from an underperform rating to a neutral rating in a research note on Monday, July 22nd. Cantor Fitzgerald began coverage on shares of PagSeguro Digital in a research note on Friday, June 28th. They issued an overweight rating and a $41.00 target price for the company. Finally, Evercore ISI began coverage on shares of PagSeguro Digital in a research note on Tuesday, July 16th. They issued an outperform rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $35.89.
Shares of PagSeguro Digital stock traded up $0.54 during trading on Thursday, hitting $45.64. 1,715,614 shares of the company’s stock traded hands, compared to its average volume of 2,685,527. The business’s fifty day simple moving average is $41.73. PagSeguro Digital has a twelve month low of $17.02 and a twelve month high of $48.88. The firm has a market cap 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 issued its earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.76. PagSeguro Digital had a net margin of 23.00% and a return on equity of 18.15%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. PagSeguro Digital’s revenue for the quarter was up 34.8% on a year-over-year basis. Sell-side analysts anticipate that PagSeguro Digital will post 1.17 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of PAGS. Flagship Harbor Advisors LLC acquired a new position in PagSeguro Digital during the first quarter valued at approximately $28,000. Marshall Wace LLP bought a new stake in shares of PagSeguro Digital in the first quarter worth $60,000. Catamount Wealth Management bought a new stake in shares of PagSeguro Digital in the first quarter worth $66,000. Tortoise Index Solutions LLC bought a new stake in shares of PagSeguro Digital in the first quarter worth $71,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of PagSeguro Digital in the first quarter worth $90,000.
PagSeguro Digital Company Profile
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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