PagSeguro Digital Ltd. (NYSE:PAGS) Given Average Rating of “Moderate Buy” by Analysts

PagSeguro Digital Ltd. (NYSE:PAGS) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.20.

A number of research firms have recently commented on PAGS. Itau BBA Securities cut PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research note on Tuesday, October 1st. Barclays cut their target price on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group dropped their price objective on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Morgan Stanley reissued an “underweight” rating and issued a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th.

Institutional Trading of PagSeguro Digital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Algert Global LLC bought a new stake in PagSeguro Digital during the 2nd quarter valued at $1,212,000. Russell Investments Group Ltd. lifted its holdings in shares of PagSeguro Digital by 95.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,281,587 shares of the company’s stock valued at $18,316,000 after purchasing an additional 625,023 shares during the last quarter. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 92,026 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of PagSeguro Digital by 768.4% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock valued at $8,476,000 after purchasing an additional 641,600 shares during the last quarter. Finally, New Century Financial Group LLC purchased a new stake in shares of PagSeguro Digital during the 3rd quarter valued at $641,000. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Trading Down 2.3 %

NYSE:PAGS opened at $7.64 on Friday. The company has a market capitalization of $2.52 billion, a P/E ratio of 6.53, a P/E/G ratio of 0.42 and a beta of 1.95. PagSeguro Digital has a 12 month low of $7.56 and a 12 month high of $14.98. The business’s 50-day moving average is $8.50 and its 200 day moving average is $10.93.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. The company had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. During the same period in the previous year, the business earned $0.26 earnings per share. On average, research analysts forecast that PagSeguro Digital will post 1.19 earnings per share for the current 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.