PagSeguro Digital (NYSE:PAGS) Price Target Increased to $18.00 by Analysts at Barclays

PagSeguro Digital (NYSE:PAGS) had its price objective hoisted by investment analysts at Barclays from $17.00 to $18.00 in a report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 43.20% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Cantor Fitzgerald upped their target price on shares of PagSeguro Digital from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Citigroup upped their target price on shares of PagSeguro Digital from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Evercore ISI raised PagSeguro Digital from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $12.00 to $18.00 in a research note on Tuesday, March 26th. The Goldman Sachs Group raised PagSeguro Digital from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $7.40 to $13.80 in a research note on Monday, January 22nd. Finally, New Street Research raised PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $15.00 to $18.00 in a research note on Monday, March 18th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.20.

PagSeguro Digital Stock Down 0.9 %

NYSE:PAGS traded down $0.11 during trading hours on Monday, hitting $12.57. 1,251,386 shares of the stock were exchanged, compared to its average volume of 3,183,560. The company’s 50 day moving average is $13.23 and its two-hundred day moving average is $11.59. PagSeguro Digital has a twelve month low of $6.93 and a twelve month high of $14.98. The company has a market capitalization of $4.14 billion, a P/E ratio of 12.27, 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 (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $877.60 million for the quarter, compared to the consensus estimate of $786.91 million. PagSeguro Digital had a return on equity of 13.94% and a net margin of 10.37%. On average, equities research analysts expect that PagSeguro Digital will post 1.29 EPS for the current year.

Hedge Funds Weigh In On PagSeguro Digital

Several hedge funds have recently modified their holdings of the stock. Waterfront Wealth Inc. grew its holdings in shares of PagSeguro Digital by 5.5% in the 4th quarter. Waterfront Wealth Inc. now owns 16,230 shares of the company’s stock valued at $202,000 after acquiring an additional 852 shares in the last quarter. Richard P Slaughter Associates Inc grew its holdings in PagSeguro Digital by 0.7% during the fourth quarter. Richard P Slaughter Associates Inc now owns 170,498 shares of the company’s stock worth $2,126,000 after purchasing an additional 1,149 shares during the period. Nisa Investment Advisors LLC grew its holdings in PagSeguro Digital by 34.9% during the fourth 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 during the period. Blue Trust Inc. grew its holdings in PagSeguro Digital by 13.0% during the fourth quarter. Blue Trust Inc. now owns 12,479 shares of the company’s stock worth $156,000 after purchasing an additional 1,438 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in PagSeguro Digital by 9.4% during the third quarter. Exchange Traded Concepts LLC now owns 17,716 shares of the company’s stock worth $153,000 after purchasing an additional 1,518 shares during the period. Institutional investors own 45.88% of the company’s stock.

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.