PagSeguro Digital (NYSE:PAGS) Given New $18.00 Price Target at Barclays

PagSeguro Digital (NYSE:PAGS) had its price objective boosted by Barclays from $17.00 to $18.00 in a research note released on Monday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms also recently issued reports on PAGS. New Street Research upgraded PagSeguro Digital from a neutral rating to a buy rating and raised their price target for the stock from $15.00 to $18.00 in a research note on Monday, March 18th. The Goldman Sachs Group raised shares of PagSeguro Digital from a sell rating to a neutral rating and upped their target price for the stock from $7.40 to $13.80 in a report on Monday, January 22nd. Cantor Fitzgerald upped their price target on PagSeguro Digital from $14.00 to $16.00 and gave the stock an overweight rating in a research note on Monday, March 4th. Citigroup upped their price target on PagSeguro Digital from $13.00 to $16.00 and gave the stock a buy rating in a research note on Wednesday, March 20th. Finally, Evercore ISI upgraded PagSeguro Digital from an in-line rating to an outperform rating and increased their target price for the company from $12.00 to $18.00 in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $15.20.

PagSeguro Digital Trading Down 0.3 %

Shares of NYSE:PAGS opened at $12.65 on Monday. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.68 and a beta of 1.78. The company has a 50-day moving average price of $13.23 and a 200-day moving average price of $11.59. PagSeguro Digital has a 12 month low of $6.93 and a 12 month high of $14.98.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. The company had revenue of $877.60 million during the quarter, compared to the consensus estimate of $786.91 million. As a group, research analysts forecast that PagSeguro Digital will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PAGS. Point72 Asset Management L.P. increased its position in shares of PagSeguro Digital by 9.0% during the fourth quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock worth $136,227,000 after purchasing an additional 906,510 shares in the last quarter. Sylebra Capital LLC acquired a new position in shares of PagSeguro Digital in the 3rd quarter valued at $80,028,000. Norges Bank acquired a new position in shares of PagSeguro Digital in the 4th quarter valued at $54,522,000. Polunin Capital Partners Ltd raised its holdings in shares of PagSeguro Digital by 12.3% in the 1st quarter. Polunin Capital Partners Ltd now owns 4,088,380 shares of the company’s stock valued at $58,382,000 after buying an additional 447,411 shares during the period. Finally, SPX Gestao de Recursos Ltda raised its holdings in shares of PagSeguro Digital by 247.4% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 3,759,906 shares of the company’s stock valued at $46,886,000 after buying an additional 2,677,659 shares during the period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

About PagSeguro Digital

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.