PagSeguro Digital (NYSE:PAGS) was upgraded by equities researchers at Guggenheim from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised PagSeguro Digital from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, February 13th. JPMorgan Chase & Co. raised PagSeguro Digital from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $27.00 to $35.00 in a research note on Wednesday, March 27th. KeyCorp raised their target price on PagSeguro Digital from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, HSBC initiated coverage on PagSeguro Digital in a research note on Tuesday, May 7th. They set a “reduce” rating and a $24.00 target price for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.63.
NYSE:PAGS opened at $25.69 on Thursday. PagSeguro Digital has a one year low of $17.02 and a one year high of $36.07. The company has a market capitalization of $8.49 billion, a P/E ratio of 29.19, a P/E/G ratio of 0.80 and a beta of 0.94.
PagSeguro Digital (NYSE:PAGS) last posted 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. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.26 billion. PagSeguro Digital had a return on equity of 18.34% and a net margin of 20.83%. The business’s quarterly revenue was up 34.8% on a year-over-year basis. Research analysts forecast that PagSeguro Digital will post 1.18 EPS for the current year.
A number of hedge funds have recently bought and sold shares of PAGS. Flagship Harbor Advisors LLC acquired a new stake in shares of PagSeguro Digital in the first quarter valued at $28,000. Marshall Wace LLP acquired a new stake in shares of PagSeguro Digital in the first quarter valued at $60,000. Catamount Wealth Management acquired a new stake in shares of PagSeguro Digital in the first quarter valued at $66,000. Tortoise Index Solutions LLC acquired a new stake in shares of PagSeguro Digital in the first quarter valued at $71,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of PagSeguro Digital by 15.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,863 shares of the company’s stock valued at $85,000 after buying an additional 385 shares in the last quarter.
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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