PagSeguro Digital (NYSE:PAGS) Upgraded by HSBC to “Buy”

HSBC upgraded shares of PagSeguro Digital (NYSE:PAGS) from a hold rating to a buy rating in a research note issued to investors on Monday morning, Briefing.com Automated Import reports.

PAGS has been the subject of a number of other reports. Evercore ISI decreased their target price on PagSeguro Digital from $65.00 to $56.00 and set an outperform rating for the company in a research report on Tuesday, October 15th. Credit Suisse Group raised PagSeguro Digital from an underperform rating to a neutral rating in a research report on Monday, July 22nd. ValuEngine downgraded PagSeguro Digital from a hold rating to a sell rating in a research report on Tuesday, October 29th. Deutsche Bank raised their target price on PagSeguro Digital from $40.00 to $57.00 and gave the stock a buy rating in a research report on Tuesday, August 6th. Finally, KeyCorp raised their target price on PagSeguro Digital from $55.00 to $60.00 and gave the stock an overweight rating in a research report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $42.20.

NYSE:PAGS traded up $0.04 during trading hours on Monday, reaching $36.54. The stock had a trading volume of 2,328,478 shares, compared to its average volume of 2,341,830. The stock has a 50 day simple moving average of $40.53 and a 200 day simple moving average of $40.40. PagSeguro Digital has a 12-month low of $17.02 and a 12-month high of $53.43. The stock has a market cap of $11.88 billion, a P/E ratio of 41.52, a price-to-earnings-growth ratio of 1.19 and a beta of 0.47.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Thursday, August 15th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. PagSeguro Digital had a return on equity of 18.82% and a net margin of 23.12%. The business had revenue of $354.49 million during the quarter, compared to the consensus estimate of $332.31 million. As a group, equities research analysts expect that PagSeguro Digital will post 1.15 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in PAGS. Janus Henderson Group PLC grew its position in shares of PagSeguro Digital by 22.2% in the second quarter. Janus Henderson Group PLC now owns 8,226,841 shares of the company’s stock valued at $320,599,000 after purchasing an additional 1,492,806 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in shares of PagSeguro Digital in the second quarter valued at $57,212,000. AXA grew its position in shares of PagSeguro Digital by 97.3% in the second quarter. AXA now owns 1,669,036 shares of the company’s stock valued at $65,042,000 after purchasing an additional 823,013 shares in the last quarter. Grandeur Peak Global Advisors LLC grew its position in shares of PagSeguro Digital by 518.2% in the second quarter. Grandeur Peak Global Advisors LLC now owns 941,700 shares of the company’s stock valued at $36,698,000 after purchasing an additional 789,375 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of PagSeguro Digital by 65.0% in the second quarter. Bank of America Corp DE now owns 1,912,928 shares of the company’s stock valued at $74,546,000 after purchasing an additional 753,678 shares in the last quarter. Institutional investors own 53.72% of the company’s stock.

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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