HSBC assumed coverage on shares of PagSeguro Digital (NYSE:PAGS) in a report published on Tuesday, The Fly reports. The firm issued a reduce rating on the stock.

PAGS has been the topic of a number of other research reports. Zacks Investment Research upgraded PagSeguro Digital from a hold rating to a buy rating and set a $26.00 target price on the stock in a research report on Wednesday, February 13th. Guggenheim initiated coverage on PagSeguro Digital in a research report on Wednesday, January 9th. They issued a neutral rating and a $21.65 target price on the stock. Finally, JPMorgan Chase & Co. upgraded PagSeguro Digital from a neutral rating to an overweight rating and lifted their target price for the company from $27.00 to $35.00 in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. PagSeguro Digital presently has an average rating of Hold and an average price target of $32.46.

Shares of NYSE PAGS opened at $27.15 on Tuesday. PagSeguro Digital has a 52 week low of $17.02 and a 52 week high of $36.07. The firm has a market capitalization of $8.98 billion, a P/E ratio of 30.85, a P/E/G ratio of 0.84 and a beta of 0.94.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. PagSeguro Digital had a return on equity of 18.34% and a net margin of 20.83%. The company had revenue of $332.88 million for the quarter, compared to analysts’ expectations of $331.83 million. On average, analysts expect that PagSeguro Digital will post 1.18 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in shares of PagSeguro Digital by 8.7% during the first quarter. Janus Henderson Group PLC now owns 6,734,035 shares of the company’s stock worth $201,012,000 after purchasing an additional 538,788 shares during the last quarter. Sylebra HK Co Ltd grew its holdings in shares of PagSeguro Digital by 15.0% during the fourth quarter. Sylebra HK Co Ltd now owns 5,335,244 shares of the company’s stock worth $99,929,000 after purchasing an additional 695,609 shares during the last quarter. Valiant Capital Management L.P. grew its holdings in shares of PagSeguro Digital by 23.0% during the fourth quarter. Valiant Capital Management L.P. now owns 2,119,934 shares of the company’s stock worth $39,706,000 after purchasing an additional 396,500 shares during the last quarter. Norges Bank bought a new stake in shares of PagSeguro Digital during the fourth quarter worth about $38,165,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of PagSeguro Digital by 35.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,036,663 shares of the company’s stock worth $38,148,000 after purchasing an additional 536,663 shares during the last quarter.

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.

Featured Story: What are the most popular ETFs

The Fly

Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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.