PagSeguro Digital (NYSE:PAGS) Given New $45.00 Price Target at KeyCorp

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PagSeguro Digital (NYSE:PAGS) had its price objective reduced by KeyCorp from $60.00 to $45.00 in a research report sent to investors on Wednesday, The Fly reports. They currently have an overweight rating on the stock. KeyCorp also issued estimates for PagSeguro Digital’s Q4 2019 earnings at $0.30 EPS, FY2019 earnings at $1.07 EPS, Q4 2020 earnings at $0.37 EPS and FY2020 earnings at $1.34 EPS.

PAGS has been the subject of a number of other reports. Deutsche Bank lifted their target price on PagSeguro Digital from $40.00 to $57.00 and gave the stock a buy rating in a report on Tuesday, August 6th. Zacks Investment Research downgraded PagSeguro Digital from a buy rating to a hold rating in a report on Wednesday, October 30th. HSBC upgraded PagSeguro Digital from a hold rating to a buy rating in a report on Monday, November 11th. Credit Suisse Group upgraded PagSeguro Digital from an underperform rating to a neutral rating in a report on Monday, July 22nd. Finally, Evercore ISI lowered their target price on PagSeguro Digital from $65.00 to $56.00 and set an outperform rating for the company in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. PagSeguro Digital presently has a consensus rating of Buy and a consensus target price of $42.20.

PAGS stock traded up $0.04 during mid-day trading on Wednesday, reaching $36.54. The company’s stock had a trading volume of 2,328,478 shares, compared to its average volume of 3,370,718. The company has a market cap of $11.96 billion, a price-to-earnings ratio of 41.52, a price-to-earnings-growth ratio of 1.22 and a beta of 0.47. The business’s 50 day moving average price is $40.32 and its 200 day moving average price is $40.45. PagSeguro Digital has a 12 month low of $17.02 and a 12 month high of $53.43.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Thursday, August 15th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The business had revenue of $354.49 million during the quarter, compared to the consensus estimate of $332.31 million. PagSeguro Digital had a return on equity of 18.82% and a net margin of 23.12%. Research analysts anticipate that PagSeguro Digital will post 1.13 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAGS. Janus Henderson Group PLC increased its holdings in shares of PagSeguro Digital by 22.2% during the second quarter. Janus Henderson Group PLC now owns 8,226,841 shares of the company’s stock valued at $320,599,000 after acquiring an additional 1,492,806 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of PagSeguro Digital during the second quarter valued at approximately $57,212,000. AXA increased its holdings in shares of PagSeguro Digital by 97.3% during the second quarter. AXA now owns 1,669,036 shares of the company’s stock valued at $65,042,000 after acquiring an additional 823,013 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its holdings in shares of PagSeguro Digital by 518.2% during the second quarter. Grandeur Peak Global Advisors LLC now owns 941,700 shares of the company’s stock valued at $36,698,000 after acquiring an additional 789,375 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of PagSeguro Digital by 65.0% during the second quarter. Bank of America Corp DE now owns 1,912,928 shares of the company’s stock valued at $74,546,000 after acquiring an additional 753,678 shares in the last quarter. Hedge funds and other institutional investors own 53.72% of the company’s stock.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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