PagSeguro Digital (NYSE:PAGS) Rating Increased to Outperform at Evercore ISI

Evercore ISI upgraded shares of PagSeguro Digital (NYSE:PAGS) from an in-line rating to an outperform rating in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have $18.00 price objective on the stock, up from their previous price objective of $12.00.

A number of other brokerages have also recently issued reports on PAGS. Barclays boosted their price objective on PagSeguro Digital from $15.00 to $17.00 and gave the stock an overweight rating in a report on Monday, March 4th. New Street Research upgraded PagSeguro Digital from a neutral rating to a buy rating and boosted their price objective for the stock from $15.00 to $18.00 in a report on Monday, March 18th. The Goldman Sachs Group upgraded PagSeguro Digital from a sell rating to a neutral rating and boosted their price objective for the stock from $7.40 to $13.80 in a report on Monday, January 22nd. Cantor Fitzgerald boosted their price objective on PagSeguro Digital from $14.00 to $16.00 and gave the stock an overweight rating in a report on Monday, March 4th. Finally, Citigroup boosted their price objective on PagSeguro Digital from $13.00 to $16.00 and gave the stock a buy rating in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $14.98.

PagSeguro Digital Stock Performance

NYSE:PAGS opened at $14.28 on Tuesday. The stock’s 50-day simple moving average is $13.41 and its 200 day simple moving average is $10.94. The company has a market cap of $4.71 billion, a P/E ratio of 13.86, a P/E/G ratio of 0.79 and a beta of 1.78. PagSeguro Digital has a 52-week low of $6.93 and a 52-week high of $14.98.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $877.60 million for the quarter, compared to the consensus estimate of $786.91 million. PagSeguro Digital had a return on equity of 13.94% and a net margin of 10.37%. As a group, equities analysts predict that PagSeguro Digital will post 1.28 earnings per share for the current fiscal year.

Institutional Trading of PagSeguro Digital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its position in PagSeguro Digital by 51.2% during the first quarter. Quarry LP now owns 4,994 shares of the company’s stock valued at $43,000 after acquiring an additional 1,690 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in PagSeguro Digital during the fourth quarter valued at $62,000. Nisa Investment Advisors LLC boosted its position in PagSeguro Digital by 34.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock valued at $64,000 after acquiring an additional 1,330 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in PagSeguro Digital by 34.3% during the third quarter. Tower Research Capital LLC TRC now owns 7,501 shares of the company’s stock valued at $65,000 after acquiring an additional 1,917 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in PagSeguro Digital during the first quarter valued at $66,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Company Profile

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 payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.