PagSeguro Digital (NYSE:PAGS) Upgraded at KeyCorp

KeyCorp upgraded shares of PagSeguro Digital (NYSE:PAGS) to a hold rating in a research report report published on Friday morning,Zacks.com reports.

Several other research firms have also weighed in on PAGS. Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research report on Tuesday, October 1st. The Goldman Sachs Group lowered their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday. Susquehanna reduced their price objective on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Morgan Stanley reissued an “underweight” rating and set a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.36.

PagSeguro Digital Stock Down 0.7 %

NYSE:PAGS opened at $7.59 on Friday. The firm’s fifty day simple moving average is $8.47 and its 200 day simple moving average is $10.88. PagSeguro Digital has a twelve month low of $7.56 and a twelve month high of $14.98. The stock has a market cap of $2.50 billion, a P/E ratio of 6.27, a price-to-earnings-growth ratio of 0.39 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The business had revenue of $874.38 million during the quarter, compared to analyst estimates of $816.34 million. During the same period last year, the business posted $0.26 earnings per share. On average, analysts expect that PagSeguro Digital will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On PagSeguro Digital

A number of hedge funds have recently added to or reduced their stakes in PAGS. Janney Montgomery Scott LLC purchased a new position in PagSeguro Digital in the first quarter worth about $291,000. Sei Investments Co. grew its position in PagSeguro Digital by 27.7% during the first quarter. Sei Investments Co. now owns 51,856 shares of the company’s stock valued at $740,000 after buying an additional 11,236 shares during the period. Avantax Advisory Services Inc. purchased a new stake in PagSeguro Digital during the first quarter valued at approximately $186,000. ProShare Advisors LLC raised its position in PagSeguro Digital by 8.5% in the first quarter. ProShare Advisors LLC now owns 35,698 shares of the company’s stock worth $510,000 after acquiring an additional 2,809 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of PagSeguro Digital by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock valued at $21,496,000 after acquiring an additional 92,026 shares during the period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

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.