PagSeguro Digital (PAGS) Upgraded to Buy at Guggenheim
PagSeguro Digital (NYSE:PAGS) was upgraded by Guggenheim from a “neutral” rating to a “buy” rating in a report issued on Thursday, The Fly reports.
Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of PagSeguro Digital from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, February 13th. JPMorgan Chase & Co. raised shares of PagSeguro Digital from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $27.00 to $35.00 in a research report on Wednesday, March 27th. KeyCorp increased their price target on shares of PagSeguro Digital from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, HSBC initiated coverage on shares of PagSeguro Digital in a research report on Tuesday, May 7th. They issued a “reduce” rating and a $24.00 price target for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. PagSeguro Digital currently has an average rating of “Hold” and a consensus price target of $31.63.
NYSE PAGS opened at $25.69 on Thursday. The company has a market capitalization of $8.49 billion, a PE ratio of 29.19, a P/E/G ratio of 0.80 and a beta of 0.94. PagSeguro Digital has a 52-week low of $17.02 and a 52-week high of $36.07.
A number of large investors have recently added to or reduced their stakes in the stock. Sylebra HK Co Ltd increased its holdings in PagSeguro Digital by 35.2% in the first quarter. Sylebra HK Co Ltd now owns 7,214,422 shares of the company’s stock worth $215,350,000 after buying an additional 1,879,178 shares during the last quarter. Whale Rock Capital Management LLC acquired a new position in PagSeguro Digital in the first quarter worth approximately $40,062,000. Blackstone Group L.P. acquired a new position in PagSeguro Digital in the first quarter worth approximately $8,955,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in PagSeguro Digital by 15.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,863 shares of the company’s stock worth $85,000 after buying an additional 385 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in PagSeguro Digital in the first quarter worth approximately $776,000.
PagSeguro Digital Company Profile
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.
See Also: Why is cost of goods sold important?
Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.