Qiwi Plc (NASDAQ:QIWI) has earned an average rating of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $22.67.
A number of equities analysts have commented on the stock. TheStreet upgraded shares of Qiwi Plc from a “d+” rating to a “c-” rating in a research note on Wednesday, April 12th. ValuEngine upgraded shares of Qiwi Plc from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. Citigroup Inc. downgraded shares of Qiwi Plc from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th. VTB Capital downgraded shares of Qiwi Plc from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research note on Monday, June 19th. Finally, Zacks Investment Research upgraded shares of Qiwi Plc from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a research note on Wednesday, May 24th.
Shares of Qiwi Plc (NASDAQ QIWI) traded down 0.35% during mid-day trading on Friday, reaching $19.99. 334,804 shares of the company’s stock traded hands. Qiwi Plc has a 12-month low of $11.60 and a 12-month high of $26.55. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.64 and a beta of 3.34. The stock has a 50-day moving average price of $22.15 and a 200 day moving average price of $18.64.
Qiwi Plc (NASDAQ:QIWI) last issued its earnings results on Wednesday, May 17th. The credit services provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.13. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.72 billion. Qiwi Plc had a net margin of 14.27% and a return on equity of 23.38%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $20.41 EPS. Analysts anticipate that Qiwi Plc will post $1.18 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC boosted its stake in shares of Qiwi Plc by 30.5% in the first quarter. Parametric Portfolio Associates LLC now owns 325,256 shares of the credit services provider’s stock valued at $5,578,000 after buying an additional 75,983 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Qiwi Plc during the first quarter valued at $221,000. HighTower Advisors LLC acquired a new stake in shares of Qiwi Plc during the first quarter valued at $558,000. Stevens Capital Management LP acquired a new stake in shares of Qiwi Plc during the first quarter valued at $281,000. Finally, Quantbot Technologies LP boosted its stake in shares of Qiwi Plc by 141.4% in the first quarter. Quantbot Technologies LP now owns 11,982 shares of the credit services provider’s stock valued at $205,000 after buying an additional 7,018 shares during the last quarter. 15.88% of the stock is owned by hedge funds and other institutional investors.
About Qiwi Plc
QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.
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