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PagSeguro Digital (NYSE:PAGS) Given Hold (C) Rating at Weiss Ratings

PagSeguro Digital logo with Business Services background

Key Points

  • PagSeguro Digital received a "hold (c)" rating from Weiss Ratings, reaffirming caution among investors regarding its stock.
  • Multiple analysts have recently adjusted their ratings for PagSeguro, with Zacks Research downgrading it from a "strong-buy" to a "hold" rating, while Bank of America upgraded it to a "buy" with a price target increase to $13.00.
  • The company reported earnings per share of $0.34 for its latest quarter, exceeding expectations, and has a market capitalization of approximately $3.08 billion.
  • MarketBeat previews top five stocks to own in November.

PagSeguro Digital (NYSE:PAGS - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other analysts have also recently commented on the stock. Zacks Research cut shares of PagSeguro Digital from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 19th. Wall Street Zen cut shares of PagSeguro Digital from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 4th. Bank of America upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their price objective for the company from $10.00 to $13.00 in a research report on Friday, September 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $12.33.

Read Our Latest Research Report on PAGS

PagSeguro Digital Trading Down 0.0%

NYSE PAGS opened at $9.34 on Wednesday. The stock's 50 day moving average is $9.22 and its two-hundred day moving average is $8.97. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.46 and a beta of 1.57. PagSeguro Digital has a 1-year low of $6.11 and a 1-year high of $11.16.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. The firm had revenue of $930.17 million during the quarter, compared to analysts' expectations of $901.10 million. On average, analysts predict that PagSeguro Digital will post 1.17 earnings per share for the current year.

Hedge Funds Weigh In On PagSeguro Digital

A number of hedge funds have recently modified their holdings of PAGS. GAMMA Investing LLC lifted its holdings in PagSeguro Digital by 6,792.5% in the first quarter. GAMMA Investing LLC now owns 16,611 shares of the company's stock valued at $127,000 after buying an additional 16,370 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in PagSeguro Digital by 166.9% in the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock valued at $51,000 after buying an additional 4,180 shares during the period. SG Americas Securities LLC acquired a new position in PagSeguro Digital in the first quarter valued at $329,000. Bellecapital International Ltd. lifted its holdings in PagSeguro Digital by 5.1% in the first quarter. Bellecapital International Ltd. now owns 335,422 shares of the company's stock valued at $2,559,000 after buying an additional 16,201 shares during the period. Finally, Perpetual Ltd raised its holdings in shares of PagSeguro Digital by 227.7% during the first quarter. Perpetual Ltd now owns 272,741 shares of the company's stock valued at $2,081,000 after purchasing an additional 189,524 shares during the period. Institutional investors and hedge funds own 45.88% of the company's stock.

About PagSeguro Digital

(Get Free Report)

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.

Further Reading

Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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