Why PagSeguro (PAGS) Stock Might be a Great Pick
One stock that might be an intriguing choice for investors right now is PagSeguro Digital Ltd. PAGS. This is because this security in the Financial Transaction Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Financial Transaction Services space as it currently has a Zacks Industry Rank of 68 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, PagSeguro is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
PagSeguro Digital Ltd. Price and Consensus
PagSeguro Digital Ltd. price-consensus-chart | PagSeguro Digital Ltd. Quote
In fact, over the past two months, current quarter estimates have risen from 27 cents per share to 28 cents per share, while current year estimates have risen from $1.00 per share to $1.02 per share. This has helped PAGS to earn a Zacks Rank #3 (Hold), further underscoring the company’s solid position You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.
So, if you are looking for a decent pick in a strong industry, consider PagSeguro. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PagSeguro Digital Ltd. (PAGS) : Free Stock Analysis Report
