PagSeguro Digital (NYSE:PAGS – Get Rating) had its price target lowered by The Goldman Sachs Group from $9.00 to $8.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a "sell" rating on the stock. The Goldman Sachs Group's price objective would suggest a potential downside of 9.81% from the company's current price.
A number of other research firms have also weighed in on PAGS. Credit Suisse Group lowered shares of PagSeguro Digital from an "outperform" rating to a "neutral" rating and set a $11.00 price objective for the company. in a research note on Tuesday, January 17th. JPMorgan Chase & Co. lowered shares of PagSeguro Digital from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $16.00 to $12.00 in a research note on Tuesday, November 29th. New Street Research upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $22.00 to $17.00 in a research note on Wednesday, December 21st. Susquehanna reduced their price target on shares of PagSeguro Digital from $26.00 to $16.00 in a research note on Thursday, December 29th. Finally, Morgan Stanley lowered shares of PagSeguro Digital from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $30.00 to $15.00 in a research note on Tuesday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $16.91.
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PagSeguro Digital Trading Down 1.2 %
NYSE:PAGS opened at $8.87 on Friday. The company has a 50-day moving average price of $9.48 and a 200-day moving average price of $12.19. PagSeguro Digital has a 12 month low of $7.51 and a 12 month high of $23.29. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 1.11 and a beta of 1.47.
PagSeguro Digital (NYSE:PAGS – Get Rating) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The company had revenue of $770.41 million during the quarter, compared to analyst estimates of $781.75 million. PagSeguro Digital had a net
margin of 9.57% and a return on equity of 18.02%. Equities analysts forecast that PagSeguro Digital will post 0.89 EPS for the current fiscal year.
Hedge Funds Weigh In On PagSeguro Digital
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ronald Blue Trust Inc. boosted its position in shares of PagSeguro Digital by 120.6% during the fourth quarter. Ronald Blue Trust Inc. now owns 12,829 shares of the company's stock worth $169,000 after acquiring an additional 7,013 shares during the last quarter. BNP Paribas Arbitrage SNC raised its stake in PagSeguro Digital by 20.3% during the third quarter. BNP Paribas Arbitrage SNC now owns 50,871 shares of the company's stock valued at $673,000 after purchasing an additional 8,590 shares in the last quarter. State Street Corp raised its stake in PagSeguro Digital by 0.6% during the third quarter. State Street Corp now owns 488,015 shares of the company's stock valued at $6,456,000 after purchasing an additional 2,691 shares in the last quarter. Sylebra Capital Ltd raised its stake in PagSeguro Digital by 5.7% during the third quarter. Sylebra Capital Ltd now owns 10,606,667 shares of the company's stock valued at $140,326,000 after purchasing an additional 573,785 shares in the last quarter. Finally, Boit C F David purchased a new stake in PagSeguro Digital during the third quarter valued at $26,000. Institutional investors own 52.50% of the company's stock.
PagSeguro Digital Company Profile
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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 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.
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