PagSeguro Digital Ltd. (NYSE:PAGS) Receives $12.17 Average PT from Brokerages

PagSeguro Digital Ltd. (NYSE:PAGS) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $12.1667.

Several research firms have recently weighed in on PAGS. Susquehanna reduced their price objective on PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a research report on Wednesday, May 14th. Wall Street Zen raised shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th.

PagSeguro Digital Stock Performance

PagSeguro Digital stock opened at $9.26 on Friday. PagSeguro Digital has a 52 week low of $6.11 and a 52 week high of $10.21. The firm has a market capitalization of $3.05 billion, a PE ratio of 7.46, a PEG ratio of 0.65 and a beta of 1.57. The business’s 50-day simple moving average is $8.66 and its 200-day simple moving average is $8.66.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $930.17 million during the quarter, compared to the consensus estimate of $901.10 million. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%. Research analysts forecast that PagSeguro Digital will post 1.17 earnings per share for the current year.

PagSeguro Digital Cuts Dividend

The company also recently declared a — dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, October 6th will be paid a dividend of $0.12 per share. This represents a yield of 150.0%. The ex-dividend date is Monday, October 6th. PagSeguro Digital’s payout ratio is currently 11.29%.

Institutional Trading of PagSeguro Digital

Several institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new stake in shares of PagSeguro Digital during the first quarter valued at approximately $26,000. GAMMA Investing LLC boosted its stake in PagSeguro Digital by 61.2% during the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock worth $34,000 after buying an additional 1,333 shares in the last quarter. CWM LLC increased its holdings in PagSeguro Digital by 78.1% in the 2nd quarter. CWM LLC now owns 4,073 shares of the company’s stock valued at $39,000 after buying an additional 1,786 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of PagSeguro Digital by 626.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock valued at $39,000 after buying an additional 4,435 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new position in shares of PagSeguro Digital in the 2nd quarter valued at $51,000. Institutional investors and hedge funds 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.