KeyCorp Increases PagSeguro Digital (NYSE:PAGS) Price Target to $60.00

PagSeguro Digital (NYSE:PAGS) had its target price upped by investment analysts at KeyCorp from $55.00 to $60.00 in a report issued on Friday, AnalystRatings.com reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 16.37% from the stock’s previous close.

A number of other research firms have also recently issued reports on PAGS. HSBC began coverage on PagSeguro Digital in a report on Tuesday, May 7th. They issued a “reduce” rating and a $24.00 price target for the company. Evercore ISI started coverage on PagSeguro Digital in a report on Tuesday, July 16th. They issued an “outperform” rating for the company. ValuEngine cut PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Credit Suisse Group raised PagSeguro Digital from an “underperform” rating to a “neutral” rating in a report on Monday, July 22nd. Finally, Zacks Investment Research cut PagSeguro Digital from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. PagSeguro Digital currently has a consensus rating of “Hold” and an average target price of $40.44.

Shares of PAGS stock traded up $5.04 during trading hours on Friday, reaching $51.56. The stock had a trading volume of 95,502 shares, compared to its average volume of 2,505,986. The firm has a market capitalization of $15.34 billion, a PE ratio of 58.84, a price-to-earnings-growth ratio of 1.51 and a beta of 0.69. The firm has a 50-day simple moving average of $43.98 and a 200-day simple moving average of $32.79. PagSeguro Digital has a twelve month low of $17.02 and a twelve month high of $48.88.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.76. PagSeguro Digital had a net margin of 23.00% and a return on equity of 18.15%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. The business’s quarterly revenue was up 34.8% on a year-over-year basis. Analysts predict that PagSeguro Digital will post 1.17 EPS for the current year.

A number of large investors have recently made changes to their positions in PAGS. Janus Henderson Group PLC boosted its holdings in shares of PagSeguro Digital by 22.2% in the 2nd quarter. Janus Henderson Group PLC now owns 8,226,841 shares of the company’s stock valued at $320,599,000 after buying an additional 1,492,806 shares during the last quarter. Sylebra Capital Ltd raised its stake in PagSeguro Digital by 0.3% in the 2nd quarter. Sylebra Capital Ltd now owns 7,238,166 shares of the company’s stock valued at $282,071,000 after acquiring an additional 23,744 shares during the period. Schroder Investment Management Group raised its stake in PagSeguro Digital by 1.5% in the 2nd quarter. Schroder Investment Management Group now owns 4,090,514 shares of the company’s stock valued at $159,407,000 after acquiring an additional 60,469 shares during the period. Federated Investors Inc. PA raised its stake in PagSeguro Digital by 15.1% in the 1st quarter. Federated Investors Inc. PA now owns 3,952,445 shares of the company’s stock valued at $117,981,000 after acquiring an additional 519,146 shares during the period. Finally, Bessemer Group Inc. raised its stake in PagSeguro Digital by 1.0% in the 2nd quarter. Bessemer Group Inc. now owns 2,246,276 shares of the company’s stock valued at $87,539,000 after acquiring an additional 22,328 shares during the period.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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