PagSeguro Digital Ltd. (NYSE:PAGS) Receives Average Recommendation of “Buy” from Analysts

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been assigned a consensus rating of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $59.50.

PAGS has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on PagSeguro Digital from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, February 22nd. The Goldman Sachs Group upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their target price for the company from $42.00 to $70.00 in a research note on Tuesday, January 19th. Susquehanna cut their target price on PagSeguro Digital from $70.00 to $60.00 and set a “positive” rating on the stock in a research note on Wednesday, April 14th. Susquehanna Bancshares dropped their price target on PagSeguro Digital from $70.00 to $60.00 and set a “positive” rating on the stock in a research note on Wednesday, April 14th. Finally, New Street Research started coverage on PagSeguro Digital in a research note on Friday, January 29th. They issued a “buy” rating and a $64.00 price target on the stock.

Shares of NYSE PAGS opened at $40.98 on Friday. The stock’s 50-day simple moving average is $45.66 and its two-hundred day simple moving average is $49.83. PagSeguro Digital has a twelve month low of $22.50 and a twelve month high of $62.83. The firm has a market capitalization of $13.48 billion, a P/E ratio of 49.37 and a beta of 1.64.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Thursday, February 25th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $387.17 million during the quarter, compared to analysts’ expectations of $369.38 million. PagSeguro Digital had a return on equity of 8.33% and a net margin of 21.01%. On average, sell-side analysts expect that PagSeguro Digital will post 0.73 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sylebra Capital Ltd boosted its stake in shares of PagSeguro Digital by 6.5% during the 4th quarter. Sylebra Capital Ltd now owns 11,406,517 shares of the company’s stock worth $648,803,000 after acquiring an additional 694,890 shares in the last quarter. BlackRock Inc. raised its holdings in PagSeguro Digital by 29.1% in the 1st quarter. BlackRock Inc. now owns 6,855,588 shares of the company’s stock valued at $317,414,000 after acquiring an additional 1,545,406 shares during the last quarter. Sands Capital Management LLC increased its holdings in shares of PagSeguro Digital by 13.5% during the 1st quarter. Sands Capital Management LLC now owns 6,046,469 shares of the company’s stock worth $279,952,000 after buying an additional 720,242 shares during the last quarter. Capital International Investors increased its holdings in shares of PagSeguro Digital by 25.3% during the 1st quarter. Capital International Investors now owns 5,981,098 shares of the company’s stock worth $276,925,000 after buying an additional 1,205,951 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of PagSeguro Digital by 21.9% during the 4th quarter. Morgan Stanley now owns 5,235,473 shares of the company’s stock worth $297,793,000 after buying an additional 941,531 shares during the last quarter. 58.50% of the stock is currently owned by hedge funds and other institutional investors.

About PagSeguro Digital

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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