PagSeguro Digital Ltd (PAGS) Receives Average Recommendation of “Buy” from Analysts

PagSeguro Digital Ltd (NYSE:PAGS) has been given a consensus rating of “Buy” by the fourteen analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $33.47.

PAGS has been the subject of several analyst reports. ValuEngine lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. UBS Group upgraded shares of PagSeguro Digital from an “underperform” rating to a “neutral” rating in a report on Friday, December 7th. Zacks Investment Research upgraded shares of PagSeguro Digital from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Guggenheim initiated coverage on shares of PagSeguro Digital in a report on Wednesday. They issued a “neutral” rating and a $21.65 target price for the company. Finally, Citigroup upgraded shares of PagSeguro Digital from a “sell” rating to a “neutral” rating in a report on Tuesday, November 13th.

Several large investors have recently bought and sold shares of the company. Legal & General Group Plc raised its holdings in shares of PagSeguro Digital by 13.7% in the 3rd quarter. Legal & General Group Plc now owns 45,449 shares of the company’s stock valued at $1,258,000 after purchasing an additional 5,464 shares in the last quarter. Lombard Odier Asset Management USA Corp grew its position in shares of PagSeguro Digital by 50.0% in the 3rd quarter. Lombard Odier Asset Management USA Corp now owns 525,000 shares of the company’s stock worth $14,527,000 after buying an additional 174,886 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of PagSeguro Digital by 152.4% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,058,608 shares of the company’s stock worth $29,292,000 after buying an additional 639,260 shares during the last quarter. Teachers Advisors LLC grew its position in shares of PagSeguro Digital by 22.8% in the 3rd quarter. Teachers Advisors LLC now owns 600,857 shares of the company’s stock worth $16,626,000 after buying an additional 111,400 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of PagSeguro Digital by 139.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,042,716 shares of the company’s stock worth $28,852,000 after buying an additional 607,178 shares during the last quarter.

PagSeguro Digital stock opened at $22.04 on Friday. The stock has a market capitalization of $2.71 billion and a PE ratio of 38.67. PagSeguro Digital has a 12-month low of $17.02 and a 12-month high of $39.97.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Thursday, November 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The firm had revenue of $288.75 million during the quarter, compared to the consensus estimate of $263.24 million. On average, research analysts expect that PagSeguro Digital will post 0.82 earnings per share for the current fiscal year.

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.

Further Reading: What are the components of an earnings report?

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.

Leave a Reply