PagSeguro Digital Ltd. (NYSE:PAGS) Receives $14.50 Average Target Price from Brokerages

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.50.

A number of brokerages have recently issued reports on PAGS. UBS Group cut their target price on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research note on Monday, July 8th. Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research note on Tuesday, October 1st. The Goldman Sachs Group raised PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, June 26th. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th.

Institutional Investors Weigh In On PagSeguro Digital

Hedge funds have recently made changes to their positions in the business. TimesSquare Capital Management LLC acquired a new stake in shares of PagSeguro Digital during the first quarter worth $3,665,000. Algert Global LLC acquired a new stake in shares of PagSeguro Digital during the second quarter worth $1,212,000. Russell Investments Group Ltd. boosted its holdings in shares of PagSeguro Digital by 95.2% during the first quarter. Russell Investments Group Ltd. now owns 1,281,587 shares of the company’s stock worth $18,316,000 after purchasing an additional 625,023 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of PagSeguro Digital by 6.5% during the first quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock worth $21,496,000 after purchasing an additional 92,026 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of PagSeguro Digital by 768.4% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock worth $8,476,000 after purchasing an additional 641,600 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Down 0.9 %

PAGS opened at $8.30 on Wednesday. The business has a 50 day moving average price of $9.82 and a two-hundred day moving average price of $11.44. The company has a market cap of $2.73 billion, a PE ratio of 7.09, a P/E/G ratio of 0.43 and a beta of 1.94. PagSeguro Digital has a 52 week low of $6.93 and a 52 week high of $14.98.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same period in the prior year, the business earned $0.26 EPS. As a group, sell-side analysts expect that PagSeguro Digital will post 1.19 EPS for the current fiscal year.

About PagSeguro Digital

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.