PagSeguro Digital (NYSE:PAGS) Upgraded to Hold at HSBC

HSBC upgraded shares of PagSeguro Digital (NYSE:PAGS) from a reduce rating to a hold rating in a research report report published on Tuesday morning, BenzingaRatingsTable reports.

Several other equities analysts have also recently weighed in on PAGS. Zacks Investment Research raised PagSeguro Digital from a sell rating to a hold rating in a research note on Friday, September 13th. Goldman Sachs Group assumed coverage on PagSeguro Digital in a report on Monday, June 10th. They set a buy rating and a $40.00 price target for the company. Deutsche Bank lifted their price target on PagSeguro Digital from $40.00 to $57.00 and gave the company a buy rating in a report on Tuesday, August 6th. Guggenheim lifted their price target on PagSeguro Digital from $36.00 to $50.00 and gave the company a buy rating in a report on Friday, July 12th. Finally, Credit Suisse Group upgraded PagSeguro Digital from an underperform rating to a neutral rating in a report on Monday, July 22nd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $40.44.

NYSE:PAGS opened at $48.55 on Tuesday. PagSeguro Digital has a fifty-two week low of $17.02 and a fifty-two week high of $53.43. The stock’s 50-day moving average is $48.17 and its two-hundred day moving average is $36.93. The stock has a market cap of $15.66 billion, a PE ratio of 55.17, a price-to-earnings-growth ratio of 1.56 and a beta of 0.62.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Thursday, August 15th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. PagSeguro Digital had a return on equity of 18.82% and a net margin of 23.12%. The company had revenue of $354.49 million for the quarter, compared to analysts’ expectations of $332.31 million. Sell-side analysts forecast that PagSeguro Digital will post 1.16 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in shares of PagSeguro Digital by 22.2% during the 2nd quarter. Janus Henderson Group PLC now owns 8,226,841 shares of the company’s stock valued at $320,599,000 after buying an additional 1,492,806 shares during the last quarter. Sylebra Capital Ltd lifted its holdings in shares of PagSeguro Digital by 0.3% during the 2nd quarter. Sylebra Capital Ltd now owns 7,238,166 shares of the company’s stock valued at $282,071,000 after buying an additional 23,744 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of PagSeguro Digital by 1.5% during the 2nd quarter. Schroder Investment Management Group now owns 4,090,514 shares of the company’s stock valued at $159,407,000 after buying an additional 60,469 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in shares of PagSeguro Digital by 15.1% during the 1st quarter. Federated Investors Inc. PA now owns 3,952,445 shares of the company’s stock valued at $117,981,000 after buying an additional 519,146 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of PagSeguro Digital by 1.0% during the 2nd quarter. Bessemer Group Inc. now owns 2,246,276 shares of the company’s stock valued at $87,539,000 after buying an additional 22,328 shares during the last quarter. Institutional investors and hedge funds own 53.77% of the company’s stock.

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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Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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