StoneCo Ltd. (NASDAQ:STNE – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $18.89.
STNE has been the topic of several recent analyst reports. Barclays decreased their target price on StoneCo from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 1st. Evercore ISI decreased their target price on StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. The Goldman Sachs Group decreased their target price on StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. JPMorgan Chase & Co. raised StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 target price on the stock in a research note on Thursday, June 6th. Finally, UBS Group raised StoneCo from a “neutral” rating to a “buy” rating and decreased their target price for the company from $21.00 to $17.00 in a research note on Monday, July 8th.
Read Our Latest Analysis on StoneCo
Hedge Funds Weigh In On StoneCo
StoneCo Stock Up 2.7 %
STNE stock opened at $14.44 on Friday. StoneCo has a twelve month low of $9.34 and a twelve month high of $19.46. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.25. The stock has a market cap of $4.46 billion, a P/E ratio of 13.01, a PEG ratio of 0.34 and a beta of 2.32. The business’s 50-day moving average price is $12.74 and its 200-day moving average price is $14.96.
About StoneCo
StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.
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