PagSeguro Digital (NYSE:PAGS) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of PagSeguro Digital (NYSE:PAGSGet Rating) from an overweight rating to a neutral rating in a report released on Tuesday, MarketBeat.com reports. JPMorgan Chase & Co. currently has $12.00 target price on the stock, down from their previous target price of $16.00.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of PagSeguro Digital from $25.00 to $20.00 in a research report on Monday, November 21st. Evercore ISI decreased their price target on shares of PagSeguro Digital from $16.00 to $13.00 in a research report on Wednesday, November 23rd. 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 report on Tuesday, September 6th. Wells Fargo & Company decreased their price objective on shares of PagSeguro Digital from $17.00 to $16.00 and set an equal weight rating for the company in a research report on Thursday, September 8th. Finally, Cantor Fitzgerald decreased their price objective on shares of PagSeguro Digital from $25.00 to $20.00 in a research report on Wednesday, November 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $20.47.

PagSeguro Digital Stock Performance

NYSE:PAGS opened at $9.73 on Tuesday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 12.16, a PEG ratio of 0.66 and a beta of 1.53. The company has a 50 day moving average price of $13.17 and a 200 day moving average price of $13.22. PagSeguro Digital has a fifty-two week low of $9.45 and a fifty-two week high of $29.28.

PagSeguro Digital (NYSE:PAGSGet Rating) last issued its quarterly earnings results on Tuesday, November 22nd. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. PagSeguro Digital had a net margin of 9.57% and a return on equity of 18.02%. The company had revenue of $770.41 million during the quarter, compared to analysts’ expectations of $781.75 million. Research analysts forecast that PagSeguro Digital will post 0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Capital World Investors increased its stake in PagSeguro Digital by 15.1% in the first quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock valued at $406,848,000 after purchasing an additional 2,666,516 shares during the period. FMR LLC increased its stake in PagSeguro Digital by 55.9% in the second quarter. FMR LLC now owns 17,721,115 shares of the company’s stock valued at $181,465,000 after purchasing an additional 6,352,682 shares during the period. Sylebra Capital Ltd increased its stake in PagSeguro Digital by 5.7% in the third quarter. Sylebra Capital Ltd now owns 10,606,667 shares of the company’s stock valued at $140,326,000 after purchasing an additional 573,785 shares during the period. Nuveen Asset Management LLC increased its stake in PagSeguro Digital by 41.3% in the third quarter. Nuveen Asset Management LLC now owns 9,118,704 shares of the company’s stock valued at $120,640,000 after purchasing an additional 2,667,094 shares during the period. Finally, Tekne Capital Management LLC increased its stake in PagSeguro Digital by 9.7% in the third quarter. Tekne Capital Management LLC now owns 7,955,011 shares of the company’s stock valued at $105,245,000 after purchasing an additional 702,453 shares during the period. 47.74% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Company Profile

(Get Rating)

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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