PagSeguro Digital Ltd. (NYSE:PAGS) Receives $11.83 Average Price Target from Analysts

PagSeguro Digital Ltd. (NYSE:PAGS) has received a consensus rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.8333.

Several equities research analysts recently issued reports on PAGS shares. Wall Street Zen lowered PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 4th. Zacks Research downgraded PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Bank of America upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their price target for the stock from $10.00 to $13.00 in a report on Friday, September 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $9.00 price objective (down previously from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen LLC purchased a new position in PagSeguro Digital in the first quarter worth approximately $59,603,000. Baupost Group LLC MA acquired a new stake in shares of PagSeguro Digital during the second quarter valued at about $24,100,000. Orbis Allan Gray Ltd purchased a new stake in shares of PagSeguro Digital in the 2nd quarter valued at approximately $20,106,000. HRT Financial LP lifted its holdings in shares of PagSeguro Digital by 288.8% in the 2nd quarter. HRT Financial LP now owns 1,631,649 shares of the company’s stock worth $15,729,000 after acquiring an additional 1,212,025 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in PagSeguro Digital by 176.9% in the second quarter. Qube Research & Technologies Ltd now owns 1,538,389 shares of the company’s stock valued at $14,830,000 after purchasing an additional 982,837 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Price Performance

Shares of PAGS stock opened at $9.58 on Friday. PagSeguro Digital has a one year low of $6.11 and a one year high of $11.16. The stock has a fifty day moving average price of $9.46 and a 200 day moving average price of $9.11. The stock has a market cap of $3.16 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 0.49 and a beta of 1.57.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $930.17 million during the quarter, compared to analyst estimates of $901.10 million. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. Equities research analysts anticipate that PagSeguro Digital will post 1.17 EPS for the current year.

PagSeguro Digital Cuts Dividend

The business also recently announced a — dividend, which will be paid on Monday, November 3rd. Stockholders 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 (DPR) is 11.29%.

About PagSeguro Digital

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.