PagSeguro Digital (NYSE:PAGS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage currently has a $30.00 target price on the stock. Zacks Investment Research‘s target price indicates a potential upside of 12.34% from the stock’s previous close.

According to Zacks, “PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants and small and medium-sized businesses primarily in Brazil and internationally. The Company offers multiple digital payment solutions, in-person payments via point of sales devices and prepaid cards services. PagSeguro Digital Ltd. is headquartered in Sao Paulo, Brazil. “

A number of other equities analysts also recently issued reports on the stock. ValuEngine upgraded shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a report on Wednesday, October 3rd. Deutsche Bank dropped their target price on shares of PagSeguro Digital from $47.00 to $40.00 and set a “buy” rating for the company in a report on Friday, August 31st. Finally, Itau BBA Securities began coverage on shares of PagSeguro Digital in a report on Friday, July 27th. They set an “outperform” rating and a $37.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $35.58.

Shares of PAGS traded down $1.28 during trading hours on Tuesday, reaching $26.71. The company had a trading volume of 3,135,964 shares, compared to its average volume of 3,741,552. The company has a market capitalization of $3.43 billion and a PE ratio of 46.85. PagSeguro Digital has a 12-month low of $24.35 and a 12-month high of $39.97.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Thursday, August 30th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $279.20 million during the quarter, compared to analysts’ expectations of $248.46 million. As a group, equities analysts forecast that PagSeguro Digital will post 0.8 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new position in PagSeguro Digital during the 2nd quarter valued at about $191,000. JPMorgan Chase & Co. purchased a new position in PagSeguro Digital during the 1st quarter valued at about $270,000. Partner Investment Management L.P. increased its holdings in PagSeguro Digital by 76.1% during the 2nd quarter. Partner Investment Management L.P. now owns 8,981 shares of the company’s stock valued at $249,000 after acquiring an additional 3,880 shares in the last quarter. Zions Bancorporation purchased a new position in PagSeguro Digital during the 2nd quarter valued at about $256,000. Finally, Essex Investment Management Co. LLC purchased a new position in PagSeguro Digital during the 3rd quarter valued at about $269,000.

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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