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

PagSeguro Digital (NYSE:PAGS - Get Free Report) had its price target hoisted by Barclays from $17.00 to $18.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 42.35% from the company's current price.

PAGS has been the subject of several other research reports. Cantor Fitzgerald increased their price objective on PagSeguro Digital from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, March 4th. Evercore ISI upgraded PagSeguro Digital from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $12.00 to $18.00 in a report on Tuesday, March 26th. New Street Research upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $15.00 to $18.00 in a report on Monday, March 18th. The Goldman Sachs Group upgraded PagSeguro Digital from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $7.40 to $13.80 in a report on Monday, January 22nd. Finally, Citigroup increased their price objective on PagSeguro Digital from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, March 20th. 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, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.20.

PagSeguro Digital Stock Down 0.3 %

Shares of PagSeguro Digital stock traded down $0.04 during trading on Monday, hitting $12.65. 2,890,428 shares of the stock traded hands, compared to its average volume of 3,204,987. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 0.68 and a beta of 1.78. The firm's fifty day moving average is $13.23 and its 200-day moving average is $11.59. PagSeguro Digital has a 52 week low of $6.93 and a 52 week high of $14.98.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings results 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. PagSeguro Digital had a return on equity of 13.94% and a net margin of 10.37%. The business had revenue of $877.60 million for the quarter, compared to analyst estimates of $786.91 million. On average, analysts forecast that PagSeguro Digital will post 1.29 earnings per share for the current fiscal year.

Institutional Trading of PagSeguro Digital

A number of institutional investors and hedge funds have recently modified their holdings of PAGS. Exchange Traded Concepts LLC grew its holdings in shares of PagSeguro Digital by 9.4% in the third quarter. Exchange Traded Concepts LLC now owns 17,716 shares of the company's stock worth $153,000 after acquiring an additional 1,518 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of PagSeguro Digital by 97.8% in the third quarter. Handelsbanken Fonder AB now owns 555,584 shares of the company's stock worth $4,784,000 after acquiring an additional 274,703 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of PagSeguro Digital by 4.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,853,584 shares of the company's stock worth $15,959,000 after acquiring an additional 85,584 shares during the period. Xponance Inc. grew its holdings in shares of PagSeguro Digital by 15.3% in the third quarter. Xponance Inc. now owns 13,345 shares of the company's stock worth $115,000 after acquiring an additional 1,768 shares during the period. Finally, Bailard Inc. bought a new stake in shares of PagSeguro Digital in the third quarter worth $129,000. Institutional investors 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.