PagSeguro Digital (NYSE:PAGS) Raised to “Hold” at KeyCorp

PagSeguro Digital (NYSE:PAGS) was upgraded by equities researchers at KeyCorp to a “hold” rating in a research report issued on Friday,Zacks.com reports.

Several other brokerages have also commented on PAGS. The Goldman Sachs Group dropped 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. Morgan Stanley restated an “underweight” rating and issued a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. Susquehanna dropped their target price on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday. Finally, Itau BBA Securities cut shares of 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and an average target price of $14.36.

PagSeguro Digital Trading Down 0.7 %

NYSE:PAGS opened at $7.59 on Friday. The company’s 50-day moving average is $8.47 and its two-hundred day moving average is $10.88. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of 0.39 and a beta of 1.95. PagSeguro Digital has a 12-month low of $7.56 and a 12-month high of $14.98.

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

Hedge Funds Weigh In On PagSeguro Digital

A number of institutional investors have recently added to or reduced their stakes in PAGS. Geode Capital Management LLC increased its position in shares of PagSeguro Digital by 49.1% during the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock worth $29,014,000 after acquiring an additional 1,113,103 shares during the last quarter. Barclays PLC grew its stake in PagSeguro Digital by 240.0% during the 3rd quarter. Barclays PLC now owns 270,215 shares of the company’s stock valued at $2,327,000 after purchasing an additional 190,740 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in PagSeguro Digital during the 3rd quarter worth approximately $2,431,000. Nomura Asset Management Co. Ltd. raised its position in shares of PagSeguro Digital by 1,238.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 24,100 shares of the company’s stock valued at $208,000 after purchasing an additional 22,300 shares in the last quarter. Finally, Main Management ETF Advisors LLC purchased a new position in shares of PagSeguro Digital during the 3rd quarter valued at approximately $555,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

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.