PagSeguro Digital Ltd. (NYSE:PAGS) Receives $11.83 Consensus Target Price from Brokerages

PagSeguro Digital Ltd. (NYSE:PAGS) has earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $11.8333.

A number of research analysts have issued reports on the company. Zacks Research lowered PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a report on Wednesday, October 8th. Wall Street Zen lowered shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 4th. The Goldman Sachs Group restated a “neutral” rating and set a $9.00 price target (down from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Finally, Bank of America raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their price target for the stock from $10.00 to $13.00 in a research note on Friday, September 19th.

PagSeguro Digital Stock Down 2.8%

Shares of PAGS stock opened at $9.67 on Friday. The business has a 50 day moving average of $9.40 and a two-hundred day moving average of $9.09. PagSeguro Digital has a 52 week low of $6.11 and a 52 week high of $11.16. The company has a market cap of $3.19 billion, a P/E ratio of 7.80, a PEG ratio of 0.50 and a beta of 1.57.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Thursday, August 14th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%.The company had revenue of $930.17 million during the quarter, compared to the consensus estimate of $901.10 million. Analysts expect that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The company also recently announced a — dividend, which will be paid on Monday, November 3rd. Shareholders 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 is 11.29%.

Institutional Investors Weigh In On PagSeguro Digital

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC lifted its position in PagSeguro Digital by 29.0% in the third quarter. CWM LLC now owns 5,255 shares of the company’s stock worth $53,000 after purchasing an additional 1,182 shares during the period. GAMMA Investing LLC lifted its position in PagSeguro Digital by 61.2% in the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock worth $34,000 after purchasing an additional 1,333 shares during the period. Rhumbline Advisers lifted its position in PagSeguro Digital by 0.5% in the second quarter. Rhumbline Advisers now owns 275,244 shares of the company’s stock worth $2,653,000 after purchasing an additional 1,367 shares during the period. Waterfront Wealth Inc. lifted its position in PagSeguro Digital by 0.5% in the second quarter. Waterfront Wealth Inc. now owns 275,967 shares of the company’s stock worth $2,660,000 after purchasing an additional 1,448 shares during the period. Finally, Financial Perspectives Inc lifted its position in PagSeguro Digital by 9.1% in the second quarter. Financial Perspectives Inc now owns 23,110 shares of the company’s stock worth $223,000 after purchasing an additional 1,922 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

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.