PagSeguro Digital Ltd (NYSE:PAGS) Receives $47.57 Average PT from Brokerages

PagSeguro Digital Ltd (NYSE:PAGS) has been assigned an average rating of “Buy” from the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $47.57.

Several equities analysts have commented on PAGS shares. HSBC raised PagSeguro Digital from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. downgraded shares of PagSeguro Digital from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $60.00 to $39.00 in a research report on Tuesday, November 26th. Evercore ISI decreased their price target on shares of PagSeguro Digital from $65.00 to $56.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Cantor Fitzgerald decreased their price target on shares of PagSeguro Digital from $56.00 to $46.00 in a research note on Wednesday, November 27th. Finally, Zacks Investment Research raised shares of PagSeguro Digital from a “sell” rating to a “hold” rating in a research report on Saturday, November 23rd.

Shares of PAGS traded up $0.09 on Monday, reaching $28.82. The stock had a trading volume of 4,461,059 shares, compared to its average volume of 2,466,435. PagSeguro Digital has a 12-month low of $17.02 and a 12-month high of $53.43. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 32.75, a price-to-earnings-growth ratio of 1.18 and a beta of 0.38. The company has a 50-day simple moving average of $35.25 and a 200-day simple moving average of $41.06.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Tuesday, November 19th. The company reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The company had revenue of $369.11 million for the quarter, compared to analysts’ expectations of $362.71 million. PagSeguro Digital had a return on equity of 19.33% and a net margin of 23.77%. As a group, sell-side analysts predict that PagSeguro Digital will post 1.09 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of PAGS. Millennium Management LLC raised its stake in PagSeguro Digital by 1,113.7% during the third quarter. Millennium Management LLC now owns 215,882 shares of the company’s stock valued at $9,997,000 after buying an additional 198,095 shares during the last quarter. Man Group plc grew its stake in shares of PagSeguro Digital by 24.6% in the third quarter. Man Group plc now owns 53,718 shares of the company’s stock worth $2,488,000 after acquiring an additional 10,604 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of PagSeguro Digital by 12.3% in the third quarter. Voloridge Investment Management LLC now owns 96,335 shares of the company’s stock worth $4,461,000 after acquiring an additional 10,546 shares during the last quarter. Wildcat Capital Management LLC purchased a new stake in shares of PagSeguro Digital in the third quarter worth $4,258,000. Finally, Sylebra Capital Ltd increased its holdings in shares of PagSeguro Digital by 1.7% during the third quarter. Sylebra Capital Ltd now owns 7,360,799 shares of the company’s stock valued at $340,879,000 after acquiring an additional 122,633 shares in the last quarter. 50.18% of the stock is owned by institutional investors.

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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