PagSeguro Digital (NYSE:PAGS) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

PagSeguro Digital (NYSE:PAGS - Get Free Report) had its target price cut by investment analysts at JPMorgan Chase & Co. from $16.00 to $11.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 63.93% from the company's previous close.

A number of other analysts also recently commented on the stock. KeyCorp upgraded shares of PagSeguro Digital to a "hold" rating in a research report on Friday, November 15th. The Goldman Sachs Group dropped their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Morgan Stanley reiterated an "underweight" rating and set a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Cantor Fitzgerald upgraded PagSeguro Digital to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, Susquehanna reduced their target price on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of "Moderate Buy" and an average target price of $14.00.

PagSeguro Digital Stock Down 4.8 %

NYSE:PAGS traded down $0.34 during trading hours on Monday, reaching $6.71. 5,326,907 shares of the stock were exchanged, compared to its average volume of 4,241,351. The stock has a market capitalization of $2.21 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.44 and a beta of 1.92. PagSeguro Digital has a 52 week low of $6.68 and a 52 week high of $14.98. The firm has a 50 day simple moving average of $7.92 and a 200-day simple moving average of $10.20.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SPX Gestao de Recursos Ltda bought a new stake in shares of PagSeguro Digital in the 3rd quarter worth approximately $38,151,000. DGS Capital Management LLC bought a new stake in shares of PagSeguro Digital in the 3rd quarter worth about $113,000. Tidal Investments LLC bought a new stake in PagSeguro Digital during the third quarter worth about $339,000. Sanctuary Advisors LLC bought a new stake in shares of PagSeguro Digital during the third quarter worth $157,000. Finally, Virtu Financial LLC acquired a new position in shares of PagSeguro Digital during the third quarter worth approximately $98,000. Institutional investors and hedge funds 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.