Shares of PagSeguro Digital Ltd (NYSE:PAGS) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $36.13.
PAGS has been the topic of several research analyst reports. ValuEngine raised PagSeguro Digital from a “hold” rating to a “buy” rating in a research report on Wednesday, October 3rd. Deutsche Bank lowered their target price on PagSeguro Digital from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Zacks Investment Research lowered PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Thursday, June 14th. Itau BBA Securities initiated coverage on PagSeguro Digital in a research note on Friday, July 27th. They issued an “outperform” rating and a $37.00 target price on the stock. Finally, Credit Suisse Group restated an “underperform” rating and issued a $34.00 target price on shares of PagSeguro Digital in a research note on Tuesday, June 19th.
Several institutional investors and hedge funds have recently modified their holdings of PAGS. Wells Fargo & Company MN bought a new stake in shares of PagSeguro Digital in the first quarter valued at $449,000. BlackRock Inc. bought a new stake in shares of PagSeguro Digital during the 1st quarter valued at $100,456,000. JPMorgan Chase & Co. bought a new stake in shares of PagSeguro Digital during the 1st quarter valued at $270,000. California Public Employees Retirement System bought a new stake in shares of PagSeguro Digital during the 1st quarter valued at $7,664,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of PagSeguro Digital during the 1st quarter valued at $1,789,000.
PAGS stock traded up $0.89 during midday trading on Wednesday, hitting $27.84. The company’s stock had a trading volume of 154,602 shares, compared to its average volume of 3,040,491. PagSeguro Digital has a 1 year low of $24.57 and a 1 year high of $39.97. The stock has a market cap of $3.41 billion and a P/E ratio of 49.37.
PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Thursday, August 30th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The business had revenue of $279.20 million during the quarter, compared to analysts’ expectations of $248.46 million. As a group, equities research analysts forecast that PagSeguro Digital will post 0.8 earnings per share for the current year.
About PagSeguro Digital
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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