Barclays cut their price target on PagSeguro Digital (NYSE:PAGS) to $16.00

PagSeguro Digital (NYSE:PAGS – Free Report) had its target price cut by Barclays from $18.00 to $16.00 in a report on Thursday, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts recently commented on PAGS. JPMorgan Chase & Co. boosted their target price on shares of PagSeguro Digital from $14.00 to $15.00 and gave the stock a neutral rating in a research note on Monday, June 17th. UBS Group dropped their price objective on PagSeguro Digital from $16.50 to $15.50 and set a buy rating on the stock in a research note on Monday, July 8th. Finally, Goldman Sachs Group raised PagSeguro Digital from a neutral rating to a buy rating and set a $15.00 target price for the company in a research report on Wednesday, June 26th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $16.19.

See the latest stock report on PagSeguro Digital

PagSeguro digital price performance

Shares of NYSE:PAGS opened at $11.73 on Thursday. The firm has a market cap of $3.86 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.68 and a beta of 1.92. The company has a 50 day simple moving average of $12.47 and a two hundred day simple moving average of $12.76. PagSeguro Digital has a 1 year low of $6.93 and a 1 year high of $14.98.

PagSeguro Digital (NYSE:PAGS – Get Your Free Report ) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. The company had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. In the same quarter last year, the company posted EPS of $0.26. equities research analysts expect that PagSeguro Digital will post 1.27 EPS for the current fiscal year.

Hedge funds influence PagSeguro Digital

A number of large investors have recently added to or reduced their stakes in PAGS. Headlands Technologies LLC purchased a new stake in PagSeguro Digital in the 1st quarter valued at about $30,000. YD More Investments Ltd raised its stake in PagSeguro Digital by 82.5% during the second quarter. YD More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after purchasing an additional 1,800 shares during the last quarter. Family Firm Inc. acquired a new position in PagSeguro Digital during the 2nd quarter valued at about $50,000. Covestor Ltd raised its stake in PagSeguro Digital by 11,990.2% in the first quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after buying an additional 4,916 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in PagSeguro Digital in the fourth quarter valued at approximately $69,000. 45.88% of shares are currently owned by institutional investors.

PagSeguro Digital company profile

(Get a free report)

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, sole proprietors, 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 works as a closed loop where its customers can meet their primary financial needs on a daily basis, including receiving and spending funds and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile application, as well as centralizes various payment options, functionalities, services and withdrawal options in a single ecosystem; and PlugPag, a tool for mid-sized and larger retailers that allows them to connect their point-of-sale (POS) device directly to their enterprise resource planning software or sales automation system via Bluetooth.

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