UBS Group Upgrades PagSeguro Digital (PAGS) to “Neutral”

PagSeguro Digital (NYSE:PAGS) was upgraded by stock analysts at UBS Group from an “underperform” rating to a “neutral” rating in a report issued on Friday, The Fly reports.

A number of other equities analysts have also commented on the company. ValuEngine raised PagSeguro Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Zacks Investment Research lowered PagSeguro Digital from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. KeyCorp cut their price objective on PagSeguro Digital from $42.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, November 30th. Citigroup raised PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Tuesday, November 27th. Finally, Deutsche Bank dropped their price target on PagSeguro Digital from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $33.75.

Shares of PagSeguro Digital stock traded up $0.53 during midday trading on Friday, reaching $21.74. The company had a trading volume of 704,128 shares, compared to its average volume of 3,946,945. The firm has a market cap of $2.67 billion and a P/E ratio of 38.14. PagSeguro Digital has a fifty-two week low of $20.02 and a fifty-two week high of $39.97.

A number of institutional investors and hedge funds have recently modified their holdings of PAGS. Cubist Systematic Strategies LLC acquired a new position in PagSeguro Digital in the second quarter valued at approximately $191,000. Partner Investment Management L.P. lifted its stake in PagSeguro Digital by 76.1% in the second quarter. Partner Investment Management L.P. now owns 8,981 shares of the company’s stock valued at $249,000 after buying an additional 3,880 shares during the period. Zions Bancorporation acquired a new position in PagSeguro Digital in the second quarter valued at approximately $256,000. Essex Investment Management Co. LLC acquired a new position in PagSeguro Digital in the third quarter valued at approximately $269,000. Finally, First Trust Advisors LP acquired a new position in PagSeguro Digital in the second quarter valued at approximately $338,000.

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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Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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