PagSeguro Digital (NYSE:PAGS) PT Lowered to $14.00 at The Goldman Sachs Group

PagSeguro Digital (NYSE:PAGS) had its price objective reduced by The Goldman Sachs Group from $16.00 to $14.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on the company. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays lowered their price target on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research report on Tuesday, October 1st. Morgan Stanley restated an “underweight” rating and set a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Finally, UBS Group reduced their price objective on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PagSeguro Digital currently has an average rating of “Moderate Buy” and a consensus target price of $14.40.

PagSeguro Digital Stock Performance

NYSE:PAGS opened at $8.27 on Wednesday. The stock’s 50-day simple moving average is $9.49 and its 200 day simple moving average is $11.36. The company has a market cap of $2.72 billion, a P/E ratio of 7.06, a P/E/G ratio of 0.43 and a beta of 1.94. PagSeguro Digital has a 52-week low of $6.93 and a 52-week high of $14.98.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same quarter in the previous year, the business earned $0.26 earnings per share. As a group, equities analysts predict that PagSeguro Digital will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PagSeguro Digital

Several institutional investors have recently made changes to their positions in PAGS. Marshall Wace LLP boosted its stake in shares of PagSeguro Digital by 55.5% in the second quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock valued at $81,770,000 after buying an additional 2,497,968 shares during the period. Millennium Management LLC lifted its stake in PagSeguro Digital by 115.1% during the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock worth $44,585,000 after purchasing an additional 2,040,704 shares during the last quarter. Acadian Asset Management LLC lifted its stake in PagSeguro Digital by 246.4% during the first quarter. Acadian Asset Management LLC now owns 1,808,697 shares of the company’s stock worth $25,811,000 after purchasing an additional 1,286,490 shares during the last quarter. American Century Companies Inc. lifted its stake in PagSeguro Digital by 251.4% during the second quarter. American Century Companies Inc. now owns 1,320,420 shares of the company’s stock worth $15,436,000 after purchasing an additional 944,660 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in PagSeguro Digital by 768.4% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock worth $8,476,000 after purchasing an additional 641,600 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.

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.