Barclays Raises PagSeguro Digital (NYSE:PAGS) Price Target to $18.00

PagSeguro Digital (NYSE:PAGS) had its target price upped by Barclays from $17.00 to $18.00 in a research report report published on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts also recently commented on the company. Cantor Fitzgerald raised their target price on PagSeguro Digital from $14.00 to $16.00 and gave the stock an overweight rating in a research note on Monday, March 4th. The Goldman Sachs Group raised shares of PagSeguro Digital from a sell rating to a neutral rating and upped their target price for the stock from $7.40 to $13.80 in a report on Monday, January 22nd. Citigroup raised their price target on shares of 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 upgraded PagSeguro Digital from a neutral rating to a buy rating and increased their price objective for the stock from $15.00 to $18.00 in a research report on Monday, March 18th. Finally, Evercore ISI raised PagSeguro Digital from an in-line rating to an outperform rating and lifted their price objective for the company from $12.00 to $18.00 in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, PagSeguro Digital presently has a consensus rating of Moderate Buy and a consensus target price of $15.20.

PagSeguro Digital Price Performance

Shares of NYSE PAGS opened at $12.32 on Monday. The stock has a market capitalization of $4.06 billion, a PE ratio of 11.96, a P/E/G ratio of 0.68 and a beta of 1.78. PagSeguro Digital has a one year low of $6.93 and a one year high of $14.98. The business’s fifty day moving average price is $13.21 and its 200-day moving average price is $11.65.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $877.60 million during the quarter, compared to analyst estimates of $786.91 million. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. As a group, equities analysts expect that PagSeguro Digital will post 1.29 EPS for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

Several institutional investors have recently modified their holdings of PAGS. Janney Montgomery Scott LLC bought a new stake in PagSeguro Digital in the 1st quarter worth approximately $291,000. Principal Financial Group Inc. lifted its holdings in shares of PagSeguro Digital by 1,091.3% in the 1st quarter. Principal Financial Group Inc. now owns 285,019 shares of the company’s stock worth $4,070,000 after acquiring an additional 261,093 shares during the last quarter. Verde Servicos Internacionais S.A. bought a new stake in shares of PagSeguro Digital in the 1st quarter worth approximately $351,000. Polunin Capital Partners Ltd boosted its stake in shares of PagSeguro Digital by 12.3% in the 1st quarter. Polunin Capital Partners Ltd now owns 4,088,380 shares of the company’s stock valued at $58,382,000 after purchasing an additional 447,411 shares in the last quarter. Finally, AlphaMark Advisors LLC bought a new position in shares of PagSeguro Digital during the 1st quarter valued at $349,000. 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.