PagSeguro Digital Ltd. (NYSE:PAGS) Given Consensus Recommendation of “Buy” by Analysts

PagSeguro Digital Ltd. (NYSE:PAGSGet Rating) has received an average recommendation of “Buy” from the sixteen brokerages that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $29.67.

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald initiated coverage on shares of PagSeguro Digital in a report on Friday, April 8th. They issued an “overweight” rating and a $25.00 price objective for the company. HSBC lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating and lowered their price target for the company from $57.00 to $23.00 in a report on Monday, January 31st. Itaú Unibanco upgraded shares of PagSeguro Digital from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Wednesday, March 30th. Itau BBA Securities upgraded shares of PagSeguro Digital from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Wednesday, March 30th. Finally, Evercore ISI began coverage on shares of PagSeguro Digital in a research report on Friday, February 18th. They set a “hold” rating and a $19.00 price objective on the stock.

Shares of PAGS opened at $14.71 on Friday. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 0.73 and a beta of 1.59. PagSeguro Digital has a fifty-two week low of $11.76 and a fifty-two week high of $61.65. The firm has a 50 day moving average price of $16.59 and a 200-day moving average price of $23.37.

Several large investors have recently added to or reduced their stakes in PAGS. Capital Research Global Investors grew its position in shares of PagSeguro Digital by 34.9% in the 4th quarter. Capital Research Global Investors now owns 38,275,886 shares of the company’s stock worth $1,003,623,000 after buying an additional 9,910,156 shares during the period. Invesco Ltd. boosted its stake in PagSeguro Digital by 77.5% in the 4th quarter. Invesco Ltd. now owns 14,692,252 shares of the company’s stock worth $385,230,000 after purchasing an additional 6,413,713 shares in the last quarter. Norges Bank bought a new position in PagSeguro Digital in the 4th quarter worth about $47,373,000. Palestra Capital Management LLC boosted its stake in PagSeguro Digital by 100.3% in the 3rd quarter. Palestra Capital Management LLC now owns 3,571,755 shares of the company’s stock worth $184,731,000 after purchasing an additional 1,788,960 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in PagSeguro Digital by 74.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,443,646 shares of the company’s stock worth $90,292,000 after purchasing an additional 1,465,172 shares in the last quarter. 56.75% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Company Profile (Get Rating)

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a 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; PagBank digital account, which offers banking services through the PagBank mobile app; 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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