PagSeguro Digital Ltd (PAGS) Receives Consensus Recommendation of “Hold” from Analysts
Shares of PagSeguro Digital Ltd (NYSE:PAGS) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $33.86.
Several brokerages have weighed in on PAGS. Zacks Investment Research raised PagSeguro Digital from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, February 13th. KeyCorp increased their price objective on PagSeguro Digital from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. raised PagSeguro Digital from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $27.00 to $35.00 in a report on Wednesday, March 27th. HSBC began coverage on PagSeguro Digital in a report on Tuesday, May 7th. They set a “reduce” rating and a $24.00 price objective for the company. Finally, Guggenheim raised PagSeguro Digital from a “neutral” rating to a “buy” rating in a report on Thursday.
PAGS stock opened at $25.69 on Thursday. The company has a market capitalization of $8.49 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94. PagSeguro Digital has a 12-month low of $17.02 and a 12-month high of $36.07.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC purchased a new stake in shares of PagSeguro Digital during the first quarter worth $28,000. Marshall Wace LLP purchased a new stake in shares of PagSeguro Digital during the first quarter worth $60,000. Catamount Wealth Management purchased a new stake in shares of PagSeguro Digital during the first quarter worth $66,000. Tortoise Index Solutions LLC purchased a new stake in shares of PagSeguro Digital during the first quarter worth $71,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of PagSeguro Digital by 15.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,863 shares of the company’s stock worth $85,000 after acquiring an additional 385 shares in the last quarter.
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.
Further Reading: Leveraged Buyout (LBO)
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