Shares of PagSeguro Digital Ltd (NYSE:PAGS) have received a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $33.86.
Several research firms have issued reports on PAGS. KeyCorp boosted their target price on PagSeguro Digital from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday. Guggenheim upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research cut PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. HSBC began coverage on PagSeguro Digital in a research report on Tuesday, May 7th. They set a “reduce” rating and a $24.00 target price on the stock. Finally, JPMorgan Chase & Co. upgraded PagSeguro Digital from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $27.00 to $35.00 in a research report on Wednesday, March 27th.
NYSE PAGS traded down $0.46 on Thursday, hitting $29.87. 3,096,027 shares of the company’s stock were exchanged, compared to its average volume of 2,219,157. PagSeguro Digital has a fifty-two week low of $17.02 and a fifty-two week high of $36.07. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 0.94 and a beta of 0.94.
PagSeguro Digital (NYSE:PAGS) last released its earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) 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 company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. The business’s revenue was up 34.8% compared to the same quarter last year. As a group, research analysts predict that PagSeguro Digital will post 1.17 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. FMR LLC boosted its stake in shares of PagSeguro Digital by 1,638.1% during the 1st quarter. FMR LLC now owns 9,907 shares of the company’s stock worth $296,000 after acquiring an additional 9,337 shares in the last quarter. Sylebra HK Co Ltd boosted its stake in shares of PagSeguro Digital by 35.2% during the 1st quarter. Sylebra HK Co Ltd now owns 7,214,422 shares of the company’s stock worth $215,350,000 after acquiring an additional 1,879,178 shares in the last quarter. Whale Rock Capital Management LLC purchased a new stake in shares of PagSeguro Digital during the 1st quarter worth approximately $40,062,000. Blackstone Group L.P. purchased a new stake in shares of PagSeguro Digital during the 1st quarter worth approximately $8,955,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of PagSeguro Digital by 15.5% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,863 shares of the company’s stock worth $85,000 after acquiring an additional 385 shares in the last quarter.
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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