Guggenheim Increases PagSeguro Digital (NYSE:PAGS) Price Target to $50.00

PagSeguro Digital (NYSE:PAGS) had its price objective lifted by stock analysts at Guggenheim from $36.00 to $50.00 in a report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Guggenheim’s price objective would indicate a potential upside of 14.92% from the stock’s previous close.

A number of other brokerages have also commented on PAGS. JPMorgan Chase & Co. upped their price target on shares of Edwards Lifesciences from $175.00 to $190.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. They noted that the move was a valuation call. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Cantor Fitzgerald set a $18.00 price objective on shares of Chiasma and gave the company a “buy” rating in a report on Friday, June 28th. KeyCorp boosted their price objective on shares of Steris from $135.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Finally, HSBC initiated coverage on shares of StoneCo in a report on Tuesday, May 7th. They issued a “reduce” rating and a $20.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.00.

Shares of PAGS opened at $43.51 on Friday. PagSeguro Digital has a 52 week low of $17.02 and a 52 week high of $43.84. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 43.51, a P/E/G ratio of 1.40 and a beta of 0.67. The firm has a 50-day moving average of $36.61.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.76. PagSeguro Digital had a net margin of 23.00% and a return on equity of 18.15%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. On average, equities research analysts predict that PagSeguro Digital will post 1.17 EPS for the current year.

Several institutional investors have recently modified their holdings of PAGS. Flagship Harbor Advisors LLC bought a new stake in shares of PagSeguro Digital during the 1st quarter worth approximately $28,000. Marshall Wace LLP bought a new stake in shares of PagSeguro Digital during the 1st quarter worth approximately $60,000. Catamount Wealth Management bought a new stake in shares of PagSeguro Digital during the 1st quarter worth approximately $66,000. Tortoise Index Solutions LLC bought a new stake in shares of PagSeguro Digital during the 1st quarter worth approximately $71,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of PagSeguro Digital during the 1st quarter worth approximately $90,000.

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.

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Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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