The Goldman Sachs Group Reiterates "Neutral" Rating for PagSeguro Digital (NYSE:PAGS)

Key Points

• The Goldman Sachs Group reiterated its "neutral" rating for PagSeguro Digital, reducing the price target from $12.00 to $9.00, indicating a potential upside of 1.87% from the stock's previous close.
• Multiple brokerages have updated their ratings for PagSeguro Digital, with Wall Street Zen and Zacks Research downgrading the stock, while Bank of America upgraded it to "buy" with a price target of $13.00.
• PagSeguro Digital reported earnings per share of $0.34, exceeding analysts' expectations, and had a market capitalization of $2.91 billion with a P/E ratio of 7.13.

PagSeguro Digital (NYSE:PAGS - Get Free Report)'s stock had its "neutral" rating reissued by stock analysts at The Goldman Sachs Group in a note issued to investors on Tuesday,Benzinga reports. They presently have a $9.00 price target on the stock, down from their prior price target of $12.00. The Goldman Sachs Group's target price indicates a potential upside of 1.87% from the stock's previous close.

A number of other brokerages have also recently issued reports on PAGS. Wall Street Zen cut PagSeguro Digital from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 4th. Zacks Research lowered PagSeguro Digital from a "strong-buy" rating to a "hold" rating in a report on Friday, September 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of PagSeguro Digital in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Finally, Bank of America upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their price target for the stock from $10.00 to $13.00 in a report on Friday, September 19th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $11.83.

PagSeguro Digital Stock Up 1.0%

Shares of PagSeguro Digital stock opened at $8.84 on Tuesday. The stock has a market capitalization of $2.91 billion, a P/E ratio of 7.13, a PEG ratio of 0.44 and a beta of 1.57. The stock has a 50 day moving average price of $9.29 and a two-hundred day moving average price of $8.99. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $11.16.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. The firm had revenue of $930.17 million during the quarter, compared to analysts' expectations of $901.10 million. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%. Sell-side analysts anticipate that PagSeguro Digital will post 1.17 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in shares of PagSeguro Digital in the first quarter valued at $26,000. GAMMA Investing LLC raised its stake in shares of PagSeguro Digital by 61.2% in the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company's stock valued at $34,000 after purchasing an additional 1,333 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in PagSeguro Digital by 626.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock valued at $39,000 after acquiring an additional 4,435 shares during the period. CWM LLC grew its position in PagSeguro Digital by 78.1% in the second quarter. CWM LLC now owns 4,073 shares of the company's stock valued at $39,000 after acquiring an additional 1,786 shares during the period. Finally, Virtus Advisers LLC bought a new stake in PagSeguro Digital in the second quarter valued at $51,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.