PagSeguro Digital (NYSE:PAGS) Price Target Cut to $12.00 by Analysts at The Goldman Sachs Group

PagSeguro Digital (NYSE:PAGS) had its price objective cut by The Goldman Sachs Group from $14.00 to $12.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on the company. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research report on Tuesday, October 1st. Barclays cut their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $14.20.

PagSeguro Digital Stock Down 2.3 %

Shares of NYSE:PAGS traded down $0.18 on Friday, hitting $7.64. The company had a trading volume of 6,227,352 shares, compared to its average volume of 3,971,134. The firm’s 50-day simple moving average is $8.50 and its two-hundred day simple moving average is $10.94. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 6.54, a P/E/G ratio of 0.42 and a beta of 1.95. PagSeguro Digital has a 1 year low of $7.56 and a 1 year high of $14.98.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. The business had revenue of $874.38 million for the quarter, compared to analysts’ expectations of $816.34 million. During the same period in the previous year, the firm posted $0.26 EPS. Equities research analysts anticipate that PagSeguro Digital will post 1.19 EPS for the current year.

Institutional Investors Weigh In On PagSeguro Digital

Several large investors have recently bought and sold shares of PAGS. Algert Global LLC purchased a new stake in shares of PagSeguro Digital during the 2nd quarter valued at about $1,212,000. Vanguard Group Inc. boosted its holdings in PagSeguro Digital by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock worth $21,496,000 after purchasing an additional 92,026 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in PagSeguro Digital by 768.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock worth $8,476,000 after purchasing an additional 641,600 shares during the period. New Century Financial Group LLC purchased a new stake in PagSeguro Digital during the 3rd quarter valued at $641,000. Finally, SG Americas Securities LLC lifted its holdings in shares of PagSeguro Digital by 1,136.0% during the 2nd quarter. SG Americas Securities LLC now owns 208,763 shares of the company’s stock valued at $2,440,000 after buying an additional 191,873 shares during the period. 45.88% of the stock is currently owned by institutional investors.

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.