PagSeguro Digital (NYSE:PAGS) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of PagSeguro Digital (NYSE:PAGS) from a sell rating to a hold rating in a research report sent to investors on Friday morning, Zacks.com reports.

According to Zacks, “PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants and small and medium-sized businesses primarily in Brazil and internationally. The Company offers multiple digital payment solutions, in-person payments via point of sales devices and prepaid cards services. PagSeguro Digital Ltd. is headquartered in Sao Paulo, Brazil. “

PAGS has been the topic of a number of other reports. Credit Suisse Group raised shares of PagSeguro Digital from an underperform rating to a neutral rating in a research report on Monday, July 22nd. KeyCorp raised their target price on shares of PagSeguro Digital from $55.00 to $60.00 and gave the stock an overweight rating in a research report on Friday, August 16th. Evercore ISI assumed coverage on shares of PagSeguro Digital in a research report on Tuesday, July 16th. They set an outperform rating on the stock. Guggenheim raised their target price on shares of PagSeguro Digital from $36.00 to $50.00 and gave the stock a buy rating in a research report on Friday, July 12th. Finally, Cantor Fitzgerald started coverage on shares of PagSeguro Digital in a research report on Friday, June 28th. They set an overweight rating and a $41.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. PagSeguro Digital has a consensus rating of Buy and an average price target of $40.44.

Shares of NYSE:PAGS opened at $45.88 on Friday. The firm has a market cap of $15.41 billion, a PE ratio of 52.14, a price-to-earnings-growth ratio of 1.53 and a beta of 0.62. The firm’s 50 day simple moving average is $48.10 and its 200-day simple moving average is $36.63. PagSeguro Digital has a one year low of $17.02 and a one year high of $53.43.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Thursday, August 15th. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $354.49 million for the quarter, compared to analyst estimates of $332.31 million. PagSeguro Digital had a net margin of 23.12% and a return on equity of 18.82%. On average, sell-side analysts expect that PagSeguro Digital will post 1.16 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in PagSeguro Digital during the first quarter valued at approximately $60,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in PagSeguro Digital during the second quarter valued at approximately $79,000. Tortoise Index Solutions LLC purchased a new position in PagSeguro Digital during the first quarter valued at approximately $71,000. Meridian Wealth Management LLC purchased a new position in PagSeguro Digital during the first quarter valued at approximately $125,000. Finally, Provida Pension Fund Administrator purchased a new position in PagSeguro Digital during the second quarter valued at approximately $140,000. 53.77% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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