PagSeguro Digital (NYSE:PAGS) Lifted to Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of PagSeguro Digital (NYSE:PAGS) from a neutral rating to a buy rating in a research report sent to investors on Wednesday, MarketBeat reports. They currently have $15.00 price objective on the stock.

Several other brokerages also recently issued reports on PAGS. Barclays upped their price target on PagSeguro Digital from $17.00 to $18.00 and gave the stock an overweight rating in a report on Monday, April 29th. JPMorgan Chase & Co. upped their price target on PagSeguro Digital from $14.00 to $15.00 and gave the stock a neutral rating in a report on Monday, June 17th. New Street Research upgraded PagSeguro Digital from a neutral rating to a buy rating and upped their price target for the stock from $15.00 to $18.00 in a report on Monday, March 18th. Cantor Fitzgerald upped their price target 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 research report on Wednesday, March 20th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, PagSeguro Digital has a consensus rating of Moderate Buy and a consensus target price of $16.25.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $11.68 on Wednesday. The company has a market cap of $3.85 billion, a P/E ratio of 10.52, a PEG ratio of 0.48 and a beta of 1.97. The stock has a 50 day simple moving average of $12.10 and a two-hundred day simple moving average of $12.65. PagSeguro Digital has a fifty-two week low of $6.93 and a fifty-two week high of $14.98.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Friday, May 24th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $869.86 million during the quarter, compared to the consensus estimate of $679.16 million. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. On average, research analysts predict that PagSeguro Digital will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in shares of PagSeguro Digital in the 1st quarter valued at about $30,000. Nisa Investment Advisors LLC raised its holdings in shares of PagSeguro Digital by 34.9% in the 4th 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 in the last quarter. Canton Hathaway LLC purchased a new stake in shares of PagSeguro Digital in the 4th quarter valued at about $69,000. Principal Securities Inc. purchased a new stake in shares of PagSeguro Digital in the 4th quarter valued at about $69,000. Finally, Covestor Ltd raised its holdings in shares of PagSeguro Digital by 11,990.2% in the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after acquiring an additional 4,916 shares in the last quarter. Institutional investors own 45.88% of the company’s stock.

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.