Qiwi PLC (QIWI) Receives Average Rating of “Hold” from Analysts

Shares of Qiwi PLC (NASDAQ:QIWI) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $18.00.

A number of research firms have weighed in on QIWI. Zacks Investment Research cut shares of Qiwi from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded shares of Qiwi from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. ValuEngine upgraded shares of Qiwi from a “strong sell” rating to a “sell” rating in a research report on Friday, November 16th. TheStreet cut shares of Qiwi from a “b-” rating to a “c” rating in a research report on Wednesday, September 12th. Finally, UBS Group reduced their price objective on shares of Qiwi from $24.50 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 24th.

NASDAQ:QIWI opened at $14.48 on Friday. The firm has a market cap of $637.61 million, a price-to-earnings ratio of 13.92 and a beta of 2.31. Qiwi has a fifty-two week low of $11.61 and a fifty-two week high of $20.05.

Qiwi (NASDAQ:QIWI) last posted its quarterly earnings data on Wednesday, November 14th. The credit services provider reported $18.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $18.81. The company had revenue of $5.23 billion during the quarter, compared to analysts’ expectations of $4.64 billion. Qiwi had a net margin of 11.52% and a return on equity of 14.40%. The firm’s revenue for the quarter was up 61.5% on a year-over-year basis. During the same period in the prior year, the business posted $17.38 earnings per share. Equities analysts predict that Qiwi will post 0.76 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System raised its position in shares of Qiwi by 5.7% in the second quarter. California Public Employees Retirement System now owns 79,854 shares of the credit services provider’s stock valued at $1,258,000 after buying an additional 4,339 shares during the last quarter. Eqis Capital Management Inc. raised its position in shares of Qiwi by 16.7% in the second quarter. Eqis Capital Management Inc. now owns 36,763 shares of the credit services provider’s stock valued at $579,000 after buying an additional 5,260 shares during the last quarter. Capital Fund Management S.A. raised its position in shares of Qiwi by 28.1% in the third quarter. Capital Fund Management S.A. now owns 29,200 shares of the credit services provider’s stock valued at $385,000 after buying an additional 6,400 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Qiwi by 9.7% in the second quarter. Van ECK Associates Corp now owns 89,542 shares of the credit services provider’s stock valued at $1,410,000 after buying an additional 7,922 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Qiwi in the third quarter valued at about $116,000. Institutional investors and hedge funds own 29.74% of the company’s stock.

About Qiwi

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

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