PagSeguro Digital (NYSE:PAGS) Earns “Overweight” Rating from Cantor Fitzgerald

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

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

PagSeguro Digital Stock Performance

Shares of PAGS stock traded up $0.31 during mid-day trading on Friday, hitting $8.95. 2,400,437 shares of the stock were exchanged, compared to its average volume of 4,158,105. The stock’s fifty day simple moving average is $8.11 and its two-hundred day simple moving average is $9.45. PagSeguro Digital has a 12-month low of $6.93 and a 12-month high of $13.20. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 0.93 and a beta of 1.67.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAGS. Morgan Stanley raised its holdings in PagSeguro Digital by 9.3% in the 3rd quarter. Morgan Stanley now owns 2,876,010 shares of the company’s stock valued at $24,762,000 after acquiring an additional 245,867 shares during the last quarter. Royal Bank of Canada increased its stake in PagSeguro Digital by 9.2% in the third quarter. Royal Bank of Canada now owns 72,193 shares of the company’s stock valued at $621,000 after purchasing an additional 6,063 shares during the last quarter. Seven Eight Capital LP acquired a new position in PagSeguro Digital in the third quarter valued at $1,860,000. LRT Capital Management LLC lifted its position in PagSeguro Digital by 72.2% during the third quarter. LRT Capital Management LLC now owns 194,052 shares of the company’s stock worth $1,671,000 after buying an additional 81,390 shares during the period. Finally, Legal & General Group Plc boosted its stake in PagSeguro Digital by 10.6% in the 3rd quarter. Legal & General Group Plc now owns 194,807 shares of the company’s stock worth $1,677,000 after buying an additional 18,597 shares during the last quarter. 55.29% of the stock is currently owned by hedge funds and other 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.