PagSeguro Digital Ltd. (NYSE:PAGS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.19.

Several equities analysts have weighed in on PAGS shares. JPMorgan Chase & Co. raised their price target on PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, June 17th. The Goldman Sachs Group upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, June 26th. Barclays dropped their target price on PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, August 22nd. Finally, UBS Group dropped their target price on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a report on Monday, July 8th.

PagSeguro Digital Price Performance

NYSE PAGS opened at $11.32 on Tuesday. The stock has a market capitalization of $3.73 billion, a PE ratio of 10.19, a P/E/G ratio of 0.68 and a beta of 1.92. The business has a 50 day simple moving average of $12.48 and a two-hundred day simple moving average of $12.73. PagSeguro Digital has a 1-year low of $6.93 and a 1-year high of $14.98.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $874.38 million during the quarter, compared to analysts’ expectations of $816.34 million. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. During the same quarter last year, the business posted $0.26 EPS. On average, analysts anticipate that PagSeguro Digital will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

A number of large investors have recently bought and sold shares of PAGS. Norges Bank bought a new stake in PagSeguro Digital during the 4th quarter valued at $54,522,000. TimesSquare Capital Management LLC bought a new position in shares of PagSeguro Digital in the 1st quarter worth $3,665,000. Metis Global Partners LLC raised its position in shares of PagSeguro Digital by 13.4% in the 4th quarter. Metis Global Partners LLC now owns 235,933 shares of the company’s stock worth $2,942,000 after acquiring an additional 27,911 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of PagSeguro Digital by 95.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,281,587 shares of the company’s stock worth $18,316,000 after acquiring an additional 625,023 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of PagSeguro Digital by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock worth $21,496,000 after acquiring an additional 92,026 shares in the last quarter. Hedge funds and other institutional investors 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.