JPMorgan Chase & Co. Raises PagSeguro Digital (NYSE:PAGS) Price Target to $13.00

PagSeguro Digital (NYSE:PAGS) had its price objective increased by analysts at JPMorgan Chase & Co. from $12.00 to $13.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 53.03% from the company’s current price.

PAGS has been the topic of a number of other research reports. Barclays cut their target price on PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Citigroup upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their price target for the company from $7.00 to $10.00 in a research report on Tuesday, April 22nd. Finally, Susquehanna dropped their price target on PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating on the stock in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, PagSeguro Digital presently has an average rating of “Moderate Buy” and an average target price of $11.36.

PagSeguro Digital Stock Performance

PAGS opened at $8.50 on Wednesday. The business’s 50-day simple moving average is $9.06 and its 200-day simple moving average is $8.27. PagSeguro Digital has a one year low of $6.11 and a one year high of $14.82. The stock has a market capitalization of $2.80 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. PagSeguro Digital had a return on equity of 15.43% and a net margin of 11.15%. The business had revenue of $857.50 million for the quarter, compared to analysts’ expectations of $914.45 million. On average, equities research analysts forecast that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

Institutional Investors Weigh In On PagSeguro Digital

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in PagSeguro Digital by 61.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock valued at $34,000 after purchasing an additional 1,333 shares in the last quarter. State of Wyoming boosted its stake in shares of PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company’s stock worth $40,000 after acquiring an additional 1,591 shares in the last quarter. Signaturefd LLC boosted its stake in shares of PagSeguro Digital by 50.6% during the 1st quarter. Signaturefd LLC now owns 6,863 shares of the company’s stock worth $52,000 after acquiring an additional 2,306 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of PagSeguro Digital by 14.9% during the 1st quarter. Teacher Retirement System of Texas now owns 24,169 shares of the company’s stock worth $184,000 after acquiring an additional 3,133 shares in the last quarter. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of PagSeguro Digital during the 1st quarter worth approximately $26,000. Hedge funds and other institutional investors 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.