PagSeguro Digital (NYSE:PAGS) Raised to “Strong-Buy” at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of PagSeguro Digital (NYSE:PAGS) to a strong-buy rating in a research report report published on Thursday morning, Zacks.com reports.

PAGS has been the subject of a number of other reports. UBS Group reduced their target price on shares of PagSeguro Digital from $16.50 to $15.50 and set a buy rating for the company in a research note on Monday, July 8th. The Goldman Sachs Group raised shares of PagSeguro Digital from a neutral rating to a buy rating and set a $15.00 target price for the company in a research note on Wednesday, June 26th. Morgan Stanley reissued an underweight rating and set a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a neutral rating in a research note on Monday, June 17th. Finally, Itau BBA Securities lowered shares of PagSeguro Digital from an outperform rating to a market perform rating and set a $12.00 target price for the company. in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $14.80.

PagSeguro Digital Stock Up 0.4 %

Shares of NYSE:PAGS opened at $8.23 on Thursday. PagSeguro Digital has a fifty-two week low of $6.93 and a fifty-two week high of $14.98. The firm has a 50-day simple moving average of $10.79 and a 200 day simple moving average of $11.94. The company has a market cap of $2.71 billion, a PE ratio of 7.41, a P/E/G ratio of 0.46 and a beta of 1.94.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. The business had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. During the same quarter in the prior year, the firm earned $0.26 EPS. As a group, research analysts forecast that PagSeguro Digital will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On PagSeguro Digital

Large investors have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in shares of PagSeguro Digital in the 1st quarter valued at $30,000. Y.D. More Investments Ltd grew its position in PagSeguro Digital by 82.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after purchasing an additional 1,800 shares in the last quarter. Family Firm Inc. purchased a new position in PagSeguro Digital during the 2nd quarter worth approximately $50,000. Covestor Ltd grew its position in PagSeguro Digital by 11,990.2% during the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after purchasing an additional 4,916 shares in the last quarter. Finally, Quarry LP grew its position in PagSeguro Digital by 156.2% during the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after purchasing an additional 3,806 shares in the last quarter. 45.88% of the stock is owned by institutional investors.

About PagSeguro Digital

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.