Morgan Stanley Reaffirms Underweight Rating for PagSeguro Digital (NYSE:PAGS)

Morgan Stanley restated their underweight rating on shares of PagSeguro Digital (NYSE:PAGS) in a research report released on Thursday morning, MarketBeat Ratings reports. The firm currently has a $6.50 target price on the stock, down from their prior target price of $14.00.

Several other analysts have also recently issued reports on the stock. UBS Group reduced their price target on shares of PagSeguro Digital from $16.50 to $15.50 and set a buy rating on the stock in a research report on Monday, July 8th. Barclays cut their target price on shares of PagSeguro Digital from $18.00 to $16.00 and set an overweight rating on the stock in a research note on Thursday, August 22nd. JPMorgan Chase & Co. raised their price target on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a neutral rating in a research report on Monday, June 17th. Finally, The Goldman Sachs Group raised PagSeguro Digital from a neutral rating to a buy rating and set a $15.00 price objective on the stock in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $15.11.

PagSeguro Digital Stock Performance

PagSeguro Digital stock opened at $9.70 on Thursday. The firm has a 50 day moving average price of $12.40 and a 200 day moving average price of $12.60. PagSeguro Digital has a fifty-two week low of $6.93 and a fifty-two week high of $14.98. The company has a market capitalization of $3.20 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.56 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. The firm had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. During the same quarter in the previous year, the business earned $0.26 EPS. As a group, equities research analysts forecast that PagSeguro Digital will post 1.2 earnings per share for the current year.

Hedge Funds Weigh In On PagSeguro Digital

Institutional investors and hedge funds have recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in PagSeguro Digital during the 1st quarter worth about $30,000. Y.D. More Investments Ltd raised its position in shares of PagSeguro Digital by 82.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after acquiring an additional 1,800 shares in the last quarter. Family Firm Inc. purchased a new stake in PagSeguro Digital during the second quarter worth approximately $50,000. Principal Securities Inc. acquired a new position in PagSeguro Digital in the fourth quarter valued at approximately $69,000. Finally, Covestor Ltd increased its stake in PagSeguro Digital by 11,990.2% in the first quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after purchasing an additional 4,916 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

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.