PagSeguro Digital (NYSE:PAGS) Now Covered by Goldman Sachs Group

Equities researchers at Goldman Sachs Group began coverage on shares of PagSeguro Digital (NYSE:PAGS) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $40.00 price target on the stock. Goldman Sachs Group’s price objective would suggest a potential upside of 9.98% from the stock’s current price.

PAGS has been the topic of a number of other reports. Zacks Investment Research raised shares of PagSeguro Digital from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, February 13th. JPMorgan Chase & Co. raised shares of 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 report on Wednesday, March 27th. HSBC started coverage on shares of PagSeguro Digital in a report on Tuesday, May 7th. They set a “reduce” rating and a $24.00 target price on the stock. Guggenheim raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating in a report on Thursday, May 16th. Finally, ValuEngine raised shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a research note on Friday, June 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $32.47.

PAGS opened at $36.37 on Monday. PagSeguro Digital has a fifty-two week low of $17.02 and a fifty-two week high of $37.06. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 1.13 and a beta of 0.34.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.76. PagSeguro Digital had a net margin of 23.00% and a return on equity of 18.15%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. The firm’s revenue was up 34.8% compared to the same quarter last year. On average, equities analysts predict that PagSeguro Digital will post 1.16 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of PAGS. Compass Group LLC increased its position in PagSeguro Digital by 9.0% during the 4th quarter. Compass Group LLC now owns 365,000 shares of the company’s stock worth $6,836,000 after purchasing an additional 30,000 shares in the last quarter. Jennison Associates LLC increased its position in PagSeguro Digital by 1.9% during the 4th quarter. Jennison Associates LLC now owns 36,011 shares of the company’s stock worth $674,000 after purchasing an additional 687 shares in the last quarter. LPL Financial LLC acquired a new position in PagSeguro Digital during the 4th quarter worth approximately $224,000. California Public Employees Retirement System increased its position in PagSeguro Digital by 39.3% during the 4th quarter. California Public Employees Retirement System now owns 217,000 shares of the company’s stock worth $4,064,000 after purchasing an additional 61,200 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in PagSeguro Digital by 91.3% during the 4th quarter. New York State Common Retirement Fund now owns 216,992 shares of the company’s stock worth $4,064,000 after purchasing an additional 103,545 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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Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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