PagSeguro Digital (NYSE:PAGS) PT Raised to $18.00

PagSeguro Digital (NYSE:PAGS) had its target price boosted by research analysts at Barclays from $17.00 to $18.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 44.69% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. New Street Research upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their target price for the company from $15.00 to $18.00 in a research note on Monday, March 18th. Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $12.00 to $18.00 in a research note on Tuesday, March 26th. The Goldman Sachs Group raised shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and raised their target price for the company from $7.40 to $13.80 in a report on Monday, January 22nd. Citigroup upped their price objective on PagSeguro Digital from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Cantor Fitzgerald lifted their price target on shares of PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.20.

PagSeguro Digital Price Performance

Shares of PAGS opened at $12.44 on Monday. The firm has a market capitalization of $4.10 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 0.68 and a beta of 1.78. The company has a 50-day simple moving average of $13.23 and a two-hundred day simple moving average of $11.62. PagSeguro Digital has a one year low of $6.93 and a one year high of $14.98.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The firm had revenue of $877.60 million during the quarter, compared to analyst estimates of $786.91 million. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. Analysts expect that PagSeguro Digital will post 1.29 EPS for the current fiscal year.

Institutional Investors Weigh In On PagSeguro Digital

Large investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of PagSeguro Digital by 1,238.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 999,700 shares of the company’s stock worth $8,607,000 after purchasing an additional 925,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in PagSeguro Digital by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,110,575 shares of the company’s stock valued at $9,562,000 after buying an additional 87,612 shares during the period. Barclays PLC increased its stake in shares of PagSeguro Digital by 5.6% in the 3rd quarter. Barclays PLC now owns 73,550 shares of the company’s stock valued at $635,000 after purchasing an additional 3,907 shares in the last quarter. Sylebra Capital LLC purchased a new stake in shares of PagSeguro Digital in the third quarter valued at approximately $80,028,000. Finally, Prudential PLC raised its position in PagSeguro Digital by 37.0% during the third quarter. Prudential PLC now owns 57,405 shares of the company’s stock worth $494,000 after acquiring an additional 15,501 shares during the period. 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.