PagSeguro Digital’s (PAGS) Overweight Rating Reaffirmed at Cantor Fitzgerald

PagSeguro Digital (NYSE:PAGS)‘s stock had its “overweight” rating reiterated by stock analysts at Cantor Fitzgerald in a research note issued to investors on Friday, Benzinga reports. They currently have a $14.00 price objective on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 56.42% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. UBS Group upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their price target for the stock from $12.00 to $14.00 in a research report on Thursday, August 3rd. Barclays lowered their target price on PagSeguro Digital from $14.00 to $12.00 in a research report on Sunday, August 27th. The Goldman Sachs Group reduced their price target on PagSeguro Digital from $8.00 to $7.00 and set a “sell” rating for the company in a research report on Tuesday, October 24th. New Street Research raised PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Friday, September 15th. Finally, JPMorgan Chase & Co. cut their price objective on PagSeguro Digital from $11.50 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, PagSeguro Digital currently has a consensus rating of “Hold” and a consensus price target of $12.32.

PagSeguro Digital Price Performance

Shares of PAGS traded up $0.31 during trading hours on Friday, hitting $8.95. The stock had a trading volume of 2,400,437 shares, compared to its average volume of 4,158,105. The firm has a market capitalization of $2.95 billion, a PE ratio of 9.73, a PEG ratio of 0.93 and a beta of 1.67. PagSeguro Digital has a 12 month low of $6.93 and a 12 month high of $13.20. The stock has a fifty day moving average price of $8.11 and a 200 day moving average price of $9.45.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Thursday, August 24th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. PagSeguro Digital had a return on equity of 13.49% and a net margin of 9.91%. The business had revenue of $772.83 million during the quarter, compared to the consensus estimate of $689.40 million. As a group, analysts anticipate that PagSeguro Digital will post 1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PAGS. BlackRock Inc. increased its holdings in PagSeguro Digital by 672.4% during the second quarter. BlackRock Inc. now owns 28,839,358 shares of the company’s stock valued at $272,244,000 after buying an additional 25,105,756 shares during the period. Norges Bank acquired a new position in PagSeguro Digital during the fourth quarter valued at $70,207,000. State Street Corp lifted its position in PagSeguro Digital by 657.3% during the second quarter. State Street Corp now owns 3,429,461 shares of the company’s stock valued at $32,374,000 after purchasing an additional 2,976,591 shares during the period. Capital World Investors boosted its holdings in PagSeguro Digital by 15.1% in the first quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock valued at $406,848,000 after purchasing an additional 2,666,516 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its holdings in shares of PagSeguro Digital by 42.9% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 6,197,939 shares of the company’s stock valued at $53,116,000 after buying an additional 1,861,959 shares during the period. 55.29% 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.