PagSeguro Digital (NYSE:PAGS) Upgraded to Outperform at Evercore ISI

PagSeguro Digital (NYSE:PAGS) was upgraded by investment analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage currently has a $18.00 target price on the stock, up from their prior target price of $12.00. Evercore ISI’s price target points to a potential upside of 25.35% from the company’s current price.

A number of other equities research analysts have also recently issued reports on PAGS. Barclays upped their target price on shares of PagSeguro Digital from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, March 4th. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and upped their price objective 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 report on Wednesday, March 20th. New Street Research raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $15.00 to $18.00 in a report on Monday, March 18th. Finally, Cantor Fitzgerald raised their target price on shares of PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $14.98.

PagSeguro Digital Stock Down 0.7 %

NYSE:PAGS opened at $14.36 on Tuesday. PagSeguro Digital has a twelve month low of $6.93 and a twelve month high of $14.98. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 0.76 and a beta of 1.78. The stock’s 50 day moving average price is $13.38 and its two-hundred day moving average price is $10.92.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. The business had revenue of $877.60 million during the quarter, compared to analysts’ expectations of $786.91 million. As a group, analysts anticipate that PagSeguro Digital will post 1.28 earnings per share for the current year.

Institutional Investors Weigh In On PagSeguro Digital

A number of large investors have recently modified their holdings of PAGS. Quarry LP lifted its position in shares of PagSeguro Digital by 51.2% during the 1st quarter. Quarry LP now owns 4,994 shares of the company’s stock worth $43,000 after buying an additional 1,690 shares during the last quarter. Atlas Capital Advisors LLC acquired a new position in PagSeguro Digital during the fourth quarter worth about $62,000. Nisa Investment Advisors LLC lifted its holdings in shares of PagSeguro Digital by 34.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock worth $64,000 after acquiring an additional 1,330 shares during the last quarter. Tower Research Capital LLC TRC increased its position in PagSeguro Digital by 34.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,501 shares of the company’s stock worth $65,000 after purchasing an additional 1,917 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new position in PagSeguro Digital in the 1st quarter valued at approximately $66,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

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.