PagSeguro Digital (NYSE:PAGS) Given New $12.00 Price Target at The Goldman Sachs Group

PagSeguro Digital (NYSE:PAGS) had its price objective cut by equities researchers at The Goldman Sachs Group from $14.00 to $12.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 53.85% from the company’s current price.

Several other brokerages also recently issued reports on PAGS. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays decreased their price objective on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Itau BBA Securities lowered shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a research note on Tuesday, October 1st. Finally, Morgan Stanley reissued an “underweight” rating and issued a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.20.

PagSeguro Digital Stock Down 0.3 %

Shares of NYSE PAGS opened at $7.80 on Friday. PagSeguro Digital has a twelve month low of $7.62 and a twelve month high of $14.98. The company has a market cap of $2.57 billion, a PE ratio of 6.73, a price-to-earnings-growth ratio of 0.42 and a beta of 1.95. The business’s 50 day moving average price is $8.53 and its two-hundred day moving average price is $10.97.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. During the same period in the prior year, the company posted $0.26 earnings per share. As a group, research analysts anticipate that PagSeguro Digital will post 1.19 EPS for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

Several institutional investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in PagSeguro Digital in the 1st quarter worth about $30,000. Y.D. More Investments Ltd lifted its stake in PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after purchasing an additional 1,800 shares in the last quarter. Family Firm Inc. bought a new position in PagSeguro Digital in the 2nd quarter valued at $50,000. Covestor Ltd grew its position in shares of PagSeguro Digital by 11,990.2% during the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after purchasing an additional 4,916 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of PagSeguro Digital in the second quarter worth $74,000. 45.88% of the stock is owned by institutional investors.

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.