PagSeguro Digital (NYSE:PAGS) Given New $20.00 Price Target at Deutsche Bank Aktiengesellschaft

PagSeguro Digital (NYSE:PAGSGet Rating) had its price target reduced by Deutsche Bank Aktiengesellschaft from $25.00 to $20.00 in a research note released on Monday, The Fly reports.

Several other research firms have also weighed in on PAGS. Wells Fargo & Company reduced their price objective on shares of PagSeguro Digital from $17.00 to $16.00 and set an equal weight rating on the stock in a research note on Thursday, September 8th. The Goldman Sachs Group lifted their price objective on shares of PagSeguro Digital from $13.00 to $15.00 and gave the stock a neutral rating in a research note on Tuesday, September 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PagSeguro Digital from $14.00 to $16.00 and gave the stock an overweight rating in a research note on Monday, September 12th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, PagSeguro Digital has an average rating of Moderate Buy and an average price target of $22.25.

PagSeguro Digital Price Performance

Shares of NYSE:PAGS opened at $10.26 on Monday. PagSeguro Digital has a one year low of $9.45 and a one year high of $29.28. The company has a 50 day moving average of $13.66 and a 200-day moving average of $13.26. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 0.68 and a beta of 1.53.

PagSeguro Digital (NYSE:PAGSGet Rating) last issued its quarterly earnings results on Thursday, August 25th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.22 by $0.25. PagSeguro Digital had a net margin of 9.57% and a return on equity of 18.02%. The company had revenue of $794.63 million during the quarter, compared to analysts’ expectations of $731.04 million. During the same quarter in the previous year, the company earned $0.20 EPS. Equities research analysts anticipate that PagSeguro Digital will post 0.9 earnings per share for the current year.

Institutional Trading of PagSeguro Digital

Hedge funds and other institutional investors have recently made changes to their positions in the business. Boit C F David acquired a new stake in shares of PagSeguro Digital in the third quarter valued at approximately $26,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of PagSeguro Digital in the second quarter valued at approximately $28,000. Atlas Capital Advisors LLC acquired a new stake in shares of PagSeguro Digital in the third quarter valued at approximately $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of PagSeguro Digital by 199.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,005 shares of the company’s stock valued at $31,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Caption Management LLC acquired a new stake in shares of PagSeguro Digital in the second quarter valued at approximately $36,000. 47.74% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Company Profile

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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 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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Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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