PagSeguro Digital Ltd. (NYSE:PAGS) Given Consensus Recommendation of “Hold” by Brokerages

PagSeguro Digital Ltd. (NYSE:PAGS) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $11.63.

Several equities research analysts have recently weighed in on the company. Citigroup reiterated a “neutral” rating and set a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. JPMorgan Chase & Co. lowered their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th.

PagSeguro Digital Trading Up 4.5 %

PAGS opened at $8.42 on Wednesday. PagSeguro Digital has a 12 month low of $6.11 and a 12 month high of $14.82. The company has a market cap of $2.77 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85. The company has a 50 day moving average of $7.86 and a 200 day moving average of $7.59.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The company had revenue of $875.27 million during the quarter, compared to analysts’ expectations of $872.66 million. Research analysts forecast that PagSeguro Digital will post 1.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PagSeguro Digital

Several hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of PagSeguro Digital during the 3rd quarter valued at about $5,716,000. JPMorgan Chase & Co. raised its stake in shares of PagSeguro Digital by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock worth $17,091,000 after acquiring an additional 999,237 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of PagSeguro Digital in the 4th quarter worth approximately $482,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of PagSeguro Digital in the 3rd quarter valued at $38,151,000. Finally, Geode Capital Management LLC grew its holdings in shares of PagSeguro Digital by 49.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock valued at $29,014,000 after purchasing an additional 1,113,103 shares during 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.