Citigroup Reaffirms “Neutral” Rating for PagSeguro Digital (NYSE:PAGS)

PagSeguro Digital (NYSE:PAGS)‘s stock had its “neutral” rating reiterated by investment analysts at Citigroup in a research report issued on Thursday, Marketbeat.com reports. They currently have a $7.00 target price on the stock, down from their previous target price of $17.00. Citigroup’s target price indicates a potential upside of 4.09% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. The Goldman Sachs Group lowered their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Barclays lowered their price objective on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered their price objective on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.18.

PagSeguro Digital Stock Performance

PAGS stock opened at $6.73 on Thursday. PagSeguro Digital has a 1 year low of $6.11 and a 1 year high of $14.98. The firm has a market cap of $2.22 billion, a P/E ratio of 5.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.94. The stock has a 50-day simple moving average of $7.02 and a 200-day simple moving average of $9.32.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PAGS. SPX Gestao de Recursos Ltda bought a new position in PagSeguro Digital during the 3rd quarter worth approximately $38,151,000. Marshall Wace LLP lifted its holdings in shares of PagSeguro Digital by 55.5% in the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after purchasing an additional 2,497,968 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of PagSeguro Digital by 115.1% in the 2nd quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock worth $44,585,000 after purchasing an additional 2,040,704 shares during the last quarter. State Street Corp lifted its holdings in shares of PagSeguro Digital by 50.8% in the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after purchasing an additional 1,990,849 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of PagSeguro Digital by 26.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock worth $47,168,000 after purchasing an additional 1,144,590 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

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.