Citigroup Cuts PagSeguro Digital (NYSE:PAGS) Price Target to $19.00

PagSeguro Digital (NYSE:PAGSGet Rating) had its target price decreased by Citigroup from $26.00 to $19.00 in a research report report published on Tuesday morning, The Fly reports. Citigroup currently has a buy rating on the stock.

PAGS has been the topic of several other reports. Cantor Fitzgerald began coverage on PagSeguro Digital in a report on Friday, April 8th. They issued an overweight rating and a $25.00 price objective on the stock. Susquehanna Bancshares lowered their price objective on PagSeguro Digital from $38.00 to $26.00 in a report on Monday, May 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on PagSeguro Digital from $40.00 to $29.00 and set a buy rating on the stock in a report on Wednesday, March 23rd. Piper Sandler began coverage on PagSeguro Digital in a report on Wednesday, April 13th. They issued an overweight rating and a $22.00 price objective on the stock. Finally, New Street Research cut PagSeguro Digital from a buy rating to a neutral rating and set a $18.00 price objective on the stock. in a report on Monday, May 9th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $26.82.

NYSE:PAGS opened at $10.48 on Tuesday. PagSeguro Digital has a 52 week low of $9.53 and a 52 week high of $61.65. The stock has a market capitalization of $3.45 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.52 and a beta of 1.67. The stock’s 50-day moving average price is $13.79 and its 200-day moving average price is $18.02.

PagSeguro Digital (NYSE:PAGSGet Rating) last posted its earnings results on Tuesday, March 22nd. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. PagSeguro Digital had a return on equity of 14.81% and a net margin of 10.56%. The firm had revenue of $579.92 million for the quarter, compared to analysts’ expectations of $530.40 million. As a group, equities research analysts expect that PagSeguro Digital will post 0.91 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Provida Pension Fund Administrator purchased a new stake in PagSeguro Digital in the fourth quarter valued at approximately $52,000. Bellwether Advisors LLC purchased a new stake in PagSeguro Digital in the fourth quarter valued at approximately $34,000. Asset Management One Co. Ltd. raised its position in PagSeguro Digital by 77.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,829 shares of the company’s stock valued at $72,000 after purchasing an additional 1,231 shares during the period. Advisors Asset Management Inc. purchased a new stake in PagSeguro Digital in the first quarter valued at approximately $66,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of PagSeguro Digital in the fourth quarter worth $137,000. 57.31% of the stock is currently owned by institutional investors.

About PagSeguro Digital (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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