PagSeguro Digital (NYSE:PAGS) Rating Increased to Buy at The Goldman Sachs Group

PagSeguro Digital (NYSE:PAGSGet Free Report) was upgraded by analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, MarketBeat reports. The brokerage currently has a $15.00 target price on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 27.23% from the company’s current price.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. increased their target price on PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. Cantor Fitzgerald raised their price target on PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Barclays increased their target price on PagSeguro Digital from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $12.00 to $18.00 in a research report on Tuesday, March 26th. Finally, Citigroup raised their target price on PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

View Our Latest Stock Analysis on PAGS

PagSeguro Digital Trading Up 4.0 %

Shares of NYSE PAGS opened at $11.79 on Wednesday. The business has a 50-day moving average of $12.10 and a 200-day moving average of $12.64. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.47 and a beta of 1.97. PagSeguro Digital has a 12 month low of $6.93 and a 12 month high of $14.98.

PagSeguro Digital (NYSE:PAGSGet Free Report) last released its earnings results on Friday, May 24th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $869.86 million during the quarter, compared to analyst estimates of $679.16 million. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. On average, analysts predict that PagSeguro Digital will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in PagSeguro Digital in the first quarter valued at about $30,000. Covestor Ltd boosted its stake in PagSeguro Digital by 11,990.2% in the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after purchasing an additional 4,916 shares in the last quarter. Nisa Investment Advisors LLC grew its position in PagSeguro Digital by 34.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock worth $64,000 after purchasing an additional 1,330 shares during the last quarter. Principal Securities Inc. acquired a new position in PagSeguro Digital during the 4th quarter valued at approximately $69,000. Finally, Canton Hathaway LLC purchased a new position in shares of PagSeguro Digital in the fourth quarter worth $69,000. 45.88% of the stock is owned by institutional investors.

About PagSeguro Digital

(Get Free Report)

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a 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; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.

Recommended Stories

Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.