PagSeguro Digital (NYSE:PAGS) Stock Rating Upgraded by Zacks Investment Research

PagSeguro Digital (NYSE:PAGSGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, Zacks.com reports. The brokerage currently has a $16.00 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 19.85% from the company’s previous close.

According to Zacks, “PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants and small and medium-sized businesses primarily in Brazil and internationally. The Company offers multiple digital payment solutions, in-person payments via point of sales devices and prepaid cards services. PagSeguro Digital Ltd. is headquartered in Sao Paulo, Brazil. “

Several other equities research analysts have also recently weighed in on the stock. HSBC cut shares of PagSeguro Digital from a “buy” rating to a “hold” rating and reduced their price target for the stock from $57.00 to $23.00 in a research report on Monday, January 31st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of PagSeguro Digital from $40.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, March 23rd. Evercore ISI started coverage on shares of PagSeguro Digital in a research note on Friday, February 18th. They set a “hold” rating and a $19.00 target price for the company. Piper Sandler started coverage on PagSeguro Digital in a report on Wednesday, April 13th. They issued an “overweight” rating and a $22.00 price objective for the company. Finally, New Street Research downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a report on Monday, May 9th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, PagSeguro Digital currently has a consensus rating of “Buy” and an average target price of $26.76.

PagSeguro Digital stock opened at $13.35 on Wednesday. The stock has a market cap of $4.40 billion, a P/E ratio of 20.23, a PEG ratio of 0.69 and a beta of 1.68. PagSeguro Digital has a 1 year low of $9.53 and a 1 year high of $61.65. The firm’s 50 day moving average price is $16.19 and its 200-day moving average price is $20.46.

PagSeguro Digital (NYSE:PAGSGet Rating) last released its quarterly earnings data on Tuesday, March 22nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $579.92 million for the quarter, compared to analysts’ expectations of $530.40 million. PagSeguro Digital had a net margin of 11.18% and a return on equity of 14.79%. Sell-side analysts expect that PagSeguro Digital will post 0.9 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its holdings in shares of PagSeguro Digital by 0.4% during the 1st quarter. Neuberger Berman Group LLC now owns 1,306,747 shares of the company’s stock worth $26,199,000 after purchasing an additional 5,570 shares during the period. Arisaig Partners Asia Pte Ltd. boosted its holdings in PagSeguro Digital by 59.4% during the 1st quarter. Arisaig Partners Asia Pte Ltd. now owns 208,633 shares of the company’s stock valued at $4,178,000 after acquiring an additional 77,760 shares during the period. Capital World Investors boosted its stake in shares of PagSeguro Digital by 15.1% in the 1st quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock valued at $406,848,000 after buying an additional 2,666,516 shares during the period. Baader Bank INC purchased a new position in shares of PagSeguro Digital in the 1st quarter valued at about $481,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of PagSeguro Digital during the 1st quarter worth about $66,000. Institutional investors and hedge funds own 57.31% of the company’s stock.

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.

Further Reading

Get a free copy of the Zacks research report on PagSeguro Digital (PAGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.