PagSeguro Digital Ltd. (NYSE:PAGS) Receives $11.83 Average Price Target from Analysts

by · The Cerbat Gem

PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report) has received a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.8333.

Several equities research analysts recently issued reports on PAGS shares. Wall Street Zen lowered PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 4th. Zacks Research downgraded PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Bank of America upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their price target for the stock from $10.00 to $13.00 in a report on Friday, September 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $9.00 price objective (down previously from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th.

Read Our Latest Stock Report on PagSeguro Digital

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen LLC purchased a new position in PagSeguro Digital in the first quarter worth approximately $59,603,000. Baupost Group LLC MA acquired a new stake in shares of PagSeguro Digital during the second quarter valued at about $24,100,000. Orbis Allan Gray Ltd purchased a new stake in shares of PagSeguro Digital in the 2nd quarter valued at approximately $20,106,000. HRT Financial LP lifted its holdings in shares of PagSeguro Digital by 288.8% in the 2nd quarter. HRT Financial LP now owns 1,631,649 shares of the company’s stock worth $15,729,000 after acquiring an additional 1,212,025 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in PagSeguro Digital by 176.9% in the second quarter. Qube Research & Technologies Ltd now owns 1,538,389 shares of the company’s stock valued at $14,830,000 after purchasing an additional 982,837 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Price Performance

Shares of PAGS stock opened at $9.58 on Friday. PagSeguro Digital has a one year low of $6.11 and a one year high of $11.16. The stock has a fifty day moving average price of $9.46 and a 200 day moving average price of $9.11. The stock has a market cap of $3.16 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 0.49 and a beta of 1.57.

PagSeguro Digital (NYSE:PAGS – Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $930.17 million during the quarter, compared to analyst estimates of $901.10 million. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. Equities research analysts anticipate that PagSeguro Digital will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

The business also recently announced a — dividend, which will be paid on Monday, November 3rd. Stockholders of record on Monday, October 6th will be given a $0.12 dividend. The ex-dividend date is Monday, October 6th. PagSeguro Digital’s dividend payout ratio (DPR) is 11.29%.

About PagSeguro Digital

(Get Free Report)

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.

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