Zacks Investment Research Upgrades PagSeguro Digital (NYSE:PAGS) to “Hold”

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Zacks Investment Research upgraded shares of PagSeguro Digital (NYSE:PAGS) from a sell rating to a hold rating in a report issued on Friday, Zacks.com reports.

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 research firms have also recently issued reports on PAGS. Evercore ISI began coverage on shares of PagSeguro Digital in a research note on Tuesday, July 16th. They set an outperform rating on the stock. Guggenheim raised their price target on shares of PagSeguro Digital from $36.00 to $50.00 and gave the stock a buy rating in a research note on Friday, July 12th. Credit Suisse Group raised shares of PagSeguro Digital from an underperform rating to a neutral rating in a research note on Monday, July 22nd. KeyCorp raised their price target on shares of PagSeguro Digital from $55.00 to $60.00 and gave the stock an overweight rating in a research note on Friday, August 16th. Finally, Goldman Sachs Group began coverage on shares of PagSeguro Digital in a research note on Monday, June 10th. They set a buy rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $40.44.

PagSeguro Digital stock opened at $45.87 on Friday. PagSeguro Digital has a 12-month low of $17.02 and a 12-month high of $53.43. The stock has a market capitalization of $15.41 billion, a P/E ratio of 52.13, a P/E/G ratio of 1.53 and a beta of 0.62. The firm’s 50-day moving average is $48.20 and its two-hundred day moving average is $36.35.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. PagSeguro Digital had a net margin of 23.12% and a return on equity of 18.82%. The company had revenue of $354.49 million for the quarter, compared to analysts’ expectations of $332.31 million. On average, equities research analysts predict that PagSeguro Digital will post 1.16 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Provida Pension Fund Administrator purchased a new position in PagSeguro Digital in the second quarter valued at approximately $140,000. Natixis raised its holdings in PagSeguro Digital by 186.7% in the second quarter. Natixis now owns 112,709 shares of the company’s stock valued at $4,392,000 after buying an additional 73,403 shares during the period. Voloridge Investment Management LLC purchased a new position in PagSeguro Digital in the second quarter valued at approximately $3,343,000. Harbor Spring Capital LLC raised its holdings in PagSeguro Digital by 16.8% in the second quarter. Harbor Spring Capital LLC now owns 1,650,000 shares of the company’s stock valued at $64,301,000 after buying an additional 237,000 shares during the period. Finally, Nuveen Asset Management LLC purchased a new position in PagSeguro Digital in the second quarter valued at approximately $57,212,000. Institutional investors and hedge funds own 53.77% of the company’s stock.

PagSeguro Digital Company Profile

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.

See Also: Limitations of the P/E Growth ratio

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Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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