PagSeguro (PAGS) Receives New Coverage from Analysts at KeyCorp
KeyCorp initiated coverage on shares of PagSeguro (NYSE:PAGS) in a report published on Friday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $42.00 target price on the stock.
PAGS has been the topic of several other reports. Morgan Stanley started coverage on shares of PagSeguro in a report on Monday, February 19th. They issued an overweight rating and a $36.00 price target on the stock. UBS started coverage on shares of PagSeguro in a research note on Friday, February 16th. They set a buy rating and a $36.00 target price for the company. JPMorgan Chase started coverage on shares of PagSeguro in a research note on Tuesday, February 20th. They set a neutral rating and a $32.00 target price for the company. Susquehanna Bancshares started coverage on shares of PagSeguro in a research note on Friday, February 16th. They set a neutral rating and a $31.00 target price for the company. Finally, Citigroup upgraded shares of PagSeguro from a neutral rating to a positive rating and boosted their target price for the company from $31.00 to $41.00 in a research note on Monday, March 12th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. PagSeguro presently has an average rating of Buy and a consensus target price of $35.90.
PAGS opened at $34.56 on Friday. The firm has a market capitalization of $3,697.94 and a P/E ratio of 60.63. PagSeguro has a 12-month low of $26.78 and a 12-month high of $39.97.
PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. Its 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 main day to day financial needs, including receiving and spending funds, and managing and growing their businesses; and Free PagSeguro Digital Account that centralizes all cash-in options, functionalities, services and cash-out options in a single ecosystem.
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