PagSeguro Digital (PAGS) Upgraded to Positive at Citigroup

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PagSeguro Digital (NYSE:PAGS) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “positive” rating in a research report issued on Monday, March 12th. The brokerage currently has a $41.00 target price on the stock, up from their previous target price of $31.00. Citigroup’s price objective points to a potential upside of 14.81% from the company’s current price.

A number of other brokerages have also weighed in on PAGS. Susquehanna Bancshares upgraded PagSeguro Digital from a “neutral” rating to a “positive” rating in a research note on Monday, March 12th. UBS upgraded PagSeguro Digital from a “neutral” rating to a “positive” rating in a research note on Monday, March 12th. Credit Suisse Group assumed coverage on PagSeguro Digital in a research report on Monday, March 5th. They issued a “neutral” rating and a $34.00 price objective for the company. JPMorgan Chase assumed coverage on PagSeguro Digital in a research report on Tuesday, February 20th. They issued a “neutral” rating and a $32.00 price objective for the company. Finally, Bank of America assumed coverage on PagSeguro Digital in a research report on Tuesday, February 20th. They issued a “buy” rating and a $34.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $35.22.

Shares of NYSE:PAGS traded down $1.84 during midday trading on Monday, reaching $35.71. The company’s stock had a trading volume of 1,303,046 shares, compared to its average volume of 2,603,295. PagSeguro Digital has a fifty-two week low of $26.78 and a fifty-two week high of $39.97. The firm has a market cap of $4,072.45 and a PE ratio of 255.07.

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PagSeguro Digital Company Profile

PagSeguro Digital Ltd is a provider of financial technology solution company. The Company is focused primarily on micro-merchants, small companies and medium-sized companies in Brazil. The Company offers multiple digital payment solutions, In-person payments via POS devices that we sell to clients, free digital accounts, and withdrawing account balances.

Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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