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

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

A number of other research firms have also commented on PAGS. Evercore ISI raised shares of PagSeguro Digital from an in-line rating to an outperform rating and lifted their target price for the stock from $12.00 to $18.00 in a report on Tuesday, March 26th. 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 research note on Monday, January 22nd. Cantor Fitzgerald upped their target price on shares of PagSeguro Digital from $14.00 to $16.00 and gave the stock an overweight rating in a research note on Monday, March 4th. Citigroup boosted their price target on shares of PagSeguro Digital from $13.00 to $16.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Finally, New Street Research raised shares of PagSeguro Digital from a neutral rating to a buy rating and boosted their price target for the stock from $15.00 to $18.00 in a research report on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $15.20.

PagSeguro Digital Trading Down 0.3 %

NYSE:PAGS opened at $12.65 on Monday. PagSeguro Digital has a 1 year low of $6.93 and a 1 year high of $14.98. The firm has a 50 day moving average of $13.23 and a 200-day moving average of $11.59. The stock has a market capitalization of $4.17 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 0.68 and a beta of 1.78.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PAGS. Nisa Investment Advisors LLC grew its position in shares of PagSeguro Digital by 34.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock worth $64,000 after purchasing an additional 1,330 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in PagSeguro Digital by 48.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,809 shares of the company’s stock valued at $67,000 after purchasing an additional 2,560 shares during the last quarter. Canton Hathaway LLC bought a new position in shares of PagSeguro Digital during the fourth quarter valued at $69,000. Principal Securities Inc. bought a new position in PagSeguro Digital during the fourth quarter worth $69,000. Finally, Neo Ivy Capital Management bought a new position in PagSeguro Digital during the third quarter worth $100,000. Institutional investors and hedge funds own 45.88% of the company’s stock.

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.