PagSeguro Digital (NYSE:PAGS) Hits New 12-Month High Following Analyst Upgrade

PagSeguro Digital Ltd (NYSE:PAGS) reached a new 52-week high during trading on Monday after Guggenheim raised their price target on the stock from $36.00 to $50.00. Guggenheim currently has a buy rating on the stock. PagSeguro Digital traded as high as $45.59 and last traded at $44.34, with a volume of 61192 shares changing hands. The stock had previously closed at $43.51.

Other research analysts also recently issued research reports about the stock. HSBC assumed coverage on shares of StoneCo in a research report on Tuesday, May 7th. They set a “reduce” rating and a $20.00 target price on the stock. Goldman Sachs Group downgraded shares of SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. KeyCorp raised their target price on shares of Steris from $135.00 to $138.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Cantor Fitzgerald set a $18.00 target price on shares of Chiasma and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Edwards Lifesciences from $175.00 to $190.00 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $36.00.

Several large investors have recently added to or reduced their stakes in PAGS. Norges Bank bought a new stake in shares of PagSeguro Digital in the 4th quarter valued at about $38,165,000. Wells Fargo & Company MN boosted its holdings in shares of PagSeguro Digital by 389.3% in the 1st quarter. Wells Fargo & Company MN now owns 2,118,103 shares of the company’s stock valued at $63,225,000 after buying an additional 1,685,234 shares in the last quarter. SPX Equities Gestao de Recursos Ltda bought a new stake in shares of PagSeguro Digital in the 1st quarter valued at about $20,930,000. Sylebra HK Co Ltd boosted its holdings in shares of PagSeguro Digital by 15.0% in the 4th quarter. Sylebra HK Co Ltd now owns 5,335,244 shares of the company’s stock valued at $99,929,000 after buying an additional 695,609 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of PagSeguro Digital by 8.7% in the 1st quarter. Janus Henderson Group PLC now owns 6,734,035 shares of the company’s stock valued at $201,012,000 after buying an additional 538,788 shares in the last quarter.

The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 50.84, a P/E/G ratio of 1.40 and a beta of 0.66. The firm’s fifty day moving average price is $37.56.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.76. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. PagSeguro Digital had a net margin of 23.00% and a return on equity of 18.15%. The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. On average, sell-side analysts predict that PagSeguro Digital Ltd will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Company Profile (NYSE:PAGS)

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.

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