Citigroup Upgrades PagSeguro Digital (NYSE:PAGS) to "Buy"

PagSeguro Digital (NYSE:PAGS - Get Free Report) was upgraded by analysts at Citigroup from a "neutral" rating to a "buy" rating in a report released on Tuesday, MarketBeat reports. The firm presently has a $10.00 target price on the stock. Citigroup's target price would suggest a potential upside of 18.06% from the stock's current price.

PagSeguro Digital Price Performance

Shares of NYSE:PAGS opened at $8.47 on Tuesday. The company has a market capitalization of $2.79 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.51 and a beta of 1.85. PagSeguro Digital has a 1-year low of $6.11 and a 1-year high of $14.82. The firm's 50 day simple moving average is $7.96 and its two-hundred day simple moving average is $7.59.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its earnings results on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. The company had revenue of $875.27 million for the quarter, compared to analysts' expectations of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. On average, sell-side analysts anticipate that PagSeguro Digital will post 1.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

Several hedge funds have recently modified their holdings of PAGS. Signaturefd LLC grew its holdings in shares of PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after purchasing an additional 4,233 shares in the last quarter. State of Wyoming increased its holdings in shares of PagSeguro Digital by 32.8% in the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after buying an additional 1,591 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of PagSeguro Digital by 166.9% during the 1st 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 in the last quarter. Advisory Services Network LLC purchased a new position in PagSeguro Digital in the fourth quarter worth about $66,000. Finally, Raymond James Financial Inc. bought a new stake in PagSeguro Digital during the fourth quarter worth approximately $79,000. Hedge funds and other institutional investors own 45.88% of the company's stock.

PagSeguro Digital Company Profile

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.

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