StoneCo (NASDAQ:STNE) Rating Reiterated by Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell

StoneCo (NASDAQ:STNE)‘s stock had its “neutral” rating reaffirmed by investment analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell in a report released on Monday, Benzinga reports.

Other research analysts have also recently issued reports about the stock. Grupo Santander raised shares of StoneCo from an “underperform” rating to a “hold” rating and set a $79.00 target price on the stock in a research report on Wednesday, March 17th. Credit Suisse Group upgraded shares of StoneCo from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $31.00 to $100.00 in a research note on Friday, February 5th. Zacks Investment Research lowered shares of StoneCo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 23rd. Citigroup began coverage on shares of StoneCo in a research note on Friday, January 29th. They issued a “buy” rating for the company. Finally, HSBC upgraded shares of StoneCo from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, March 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. StoneCo has an average rating of “Hold” and an average price target of $64.27.

NASDAQ STNE opened at $65.62 on Monday. The company’s fifty day simple moving average is $68.78 and its 200-day simple moving average is $72.41. StoneCo has a 52 week low of $20.39 and a 52 week high of $95.12. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.03. The stock has a market cap of $20.26 billion, a P/E ratio of 107.57 and a beta of 2.40.

StoneCo (NASDAQ:STNE) last posted its earnings results on Thursday, March 11th. The company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.03). StoneCo had a return on equity of 9.87% and a net margin of 26.05%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, research analysts expect that StoneCo will post 0.61 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in shares of StoneCo by 25.8% during the fourth quarter. BlackRock Inc. now owns 9,706,265 shares of the company’s stock worth $814,551,000 after acquiring an additional 1,993,686 shares during the last quarter. Egerton Capital UK LLP bought a new position in shares of StoneCo during the fourth quarter worth about $294,138,000. Tybourne Capital Management HK Ltd. grew its position in shares of StoneCo by 4.4% during the first quarter. Tybourne Capital Management HK Ltd. now owns 3,483,885 shares of the company’s stock worth $213,283,000 after acquiring an additional 147,099 shares during the last quarter. Absoluto Partners Gestao de Recursos Ltda bought a new position in shares of StoneCo during the fourth quarter worth about $288,922,000. Finally, Wells Fargo & Company MN grew its position in shares of StoneCo by 13.3% during the fourth quarter. Wells Fargo & Company MN now owns 3,137,603 shares of the company’s stock worth $263,308,000 after acquiring an additional 367,317 shares during the last quarter. Hedge funds and other institutional investors own 61.47% of the company’s stock.

About StoneCo

StoneCo Ltd. provides financial technology solutions to clients and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and technology and solutions to digital merchants through sales and technical personnel and software vendors, as well as sells solutions to brick-and-mortar and digital merchants through sales team.

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Analyst Recommendations for StoneCo (NASDAQ:STNE)

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