New Street Research Lowers PagSeguro Digital (NYSE:PAGS) to Neutral

PagSeguro Digital (NYSE:PAGS – Get Rating) was downgraded by equities research analysts at New Street Research from a “buy” rating to a “neutral” rating in a research report issued on Monday, Briefing.com reports. They presently have a $18.00 price target on the stock. New Street Research’s price target points to a potential upside of 45.99% from the stock’s current price.

Several other equities research analysts have also recently issued reports on PAGS. HSBC cut shares of PagSeguro Digital from a “buy” rating to a “hold” rating and decreased their target price for the stock from $57.00 to $23.00 in a research report on Monday, January 31st. Susquehanna decreased their target price on shares of PagSeguro Digital from $38.00 to $26.00 in a research report on Monday, May 2nd. Zacks Investment Research raised shares of PagSeguro Digital from a “sell” rating to a “hold” rating in a research report on Thursday, March 31st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PagSeguro Digital from $40.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, March 23rd. Finally, Susquehanna Bancshares decreased their target price on shares of PagSeguro Digital from $38.00 to $26.00 in a research report on Monday, May 2nd. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Buy” and an average price target of $28.12.

PagSeguro Digital stock opened at $12.33 on Monday. PagSeguro Digital has a 12-month low of $11.76 and a 12-month high of $61.65. The stock has a market capitalization of $4.06 billion, a P/E ratio of 18.68, a P/E/G ratio of 0.59 and a beta of 1.68. The firm’s 50-day moving average is $16.42 and its two-hundred day moving average is $22.35.

PagSeguro Digital (NYSE:PAGS – Get Rating) last released its quarterly earnings results on Tuesday, March 22nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. PagSeguro Digital had a net margin of 11.18% and a return on equity of 14.79%. The company had revenue of $579.92 million for the quarter, compared to analysts’ expectations of $530.40 million. On average, equities research analysts predict that PagSeguro Digital will post 0.9 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of PagSeguro Digital in the first quarter worth $60,000. FMR LLC increased its stake in shares of PagSeguro Digital by 1,638.1% in the first quarter. FMR LLC now owns 9,907 shares of the company’s stock worth $296,000 after buying an additional 9,337 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in shares of PagSeguro Digital by 5.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 594,794 shares of the company’s stock worth $17,755,000 after buying an additional 30,094 shares during the last quarter. Raymond James & Associates increased its stake in shares of PagSeguro Digital by 16.6% in the third quarter. Raymond James & Associates now owns 46,441 shares of the company’s stock worth $2,402,000 after buying an additional 6,618 shares during the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake in shares of PagSeguro Digital in the third quarter worth $92,000. Institutional investors own 57.31% of the company’s stock.

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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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