PagSeguro Digital (NYSE:PAGS) Price Target Increased to $60.00 by Analysts at KeyCorp

PagSeguro Digital (NYSE:PAGS) had its price objective increased by KeyCorp from $55.00 to $60.00 in a research report sent to investors on Friday morning, AnalystRatings.com reports. KeyCorp currently has an overweight rating on the stock. KeyCorp also issued estimates for PagSeguro Digital’s Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.32 EPS, FY2019 earnings at $1.10 EPS, Q1 2020 earnings at $0.30 EPS, Q2 2020 earnings at $0.33 EPS, Q3 2020 earnings at $0.34 EPS, Q4 2020 earnings at $0.38 EPS and FY2020 earnings at $1.35 EPS.

PAGS has been the subject of a number of other reports. Evercore ISI began coverage on PagSeguro Digital in a report on Tuesday, July 16th. They set an outperform rating for the company. Deutsche Bank increased their price target on PagSeguro Digital from $40.00 to $57.00 and gave the stock a buy rating in a report on Tuesday, August 6th. Zacks Investment Research cut PagSeguro Digital from a hold rating to a sell rating in a report on Thursday, August 8th. ValuEngine cut PagSeguro Digital from a buy rating to a hold rating in a report on Thursday, August 1st. Finally, Credit Suisse Group upgraded PagSeguro Digital from an underperform rating to a neutral rating in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $40.44.

Shares of PAGS opened at $49.83 on Friday. The company has a market capitalization of $15.25 billion, a PE ratio of 56.63, a price-to-earnings-growth ratio of 1.50 and a beta of 0.69. PagSeguro Digital has a 52-week low of $17.02 and a 52-week high of $53.43. The stock has a fifty day simple moving average of $44.98 and a two-hundred day simple moving average of $33.16.



A number of institutional investors have recently made changes to their positions in PAGS. Flagship Harbor Advisors LLC purchased a new position in PagSeguro Digital during the 1st quarter valued at about $28,000. Marshall Wace LLP purchased a new position in PagSeguro Digital during the 1st quarter valued at about $60,000. Catamount Wealth Management purchased a new position in PagSeguro Digital during the 1st quarter valued at about $66,000. Tortoise Index Solutions LLC purchased a new position in PagSeguro Digital during the 1st quarter valued at about $71,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in PagSeguro Digital during the 2nd quarter valued at about $79,000.

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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