PagSeguro Digital (NYSE:PAGS) Price Target Cut to $13.00 by Analysts at Barclays

PagSeguro Digital (NYSE:PAGS) had its price objective lowered by research analysts at Barclays from $16.00 to $13.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 56.06% from the stock’s previous close.

A number of other research firms also recently commented on PAGS. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. UBS Group decreased their target price on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, July 8th. 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. Itau BBA Securities lowered shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a research note on Tuesday, October 1st. Finally, The Goldman Sachs Group raised PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

PagSeguro Digital Stock Performance

NYSE:PAGS opened at $8.33 on Tuesday. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 0.42 and a beta of 1.94. PagSeguro Digital has a one year low of $6.93 and a one year high of $14.98. The business’s 50-day simple moving average is $10.22 and its 200 day simple moving average is $11.63.

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, topping analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. The business had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. During the same quarter last year, the company earned $0.26 earnings per share. On average, equities research analysts predict that PagSeguro Digital will post 1.19 EPS for the current year.

Institutional Trading of PagSeguro Digital

A number of hedge funds have recently modified their holdings of the business. Headlands Technologies LLC acquired a new position in PagSeguro Digital in the 1st quarter valued at approximately $30,000. Y.D. More Investments Ltd raised its stake in shares of PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after acquiring an additional 1,800 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of PagSeguro Digital in the second quarter worth $50,000. Covestor Ltd lifted its position in PagSeguro Digital by 11,990.2% during the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after acquiring an additional 4,916 shares during the last quarter. Finally, Quarry LP lifted its position in shares of PagSeguro Digital by 156.2% during the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after purchasing an additional 3,806 shares during the last quarter. Hedge funds and other institutional investors 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.