Recent Analysts’ Ratings Updates for Qiwi (QIWI)

A number of research firms have changed their ratings and price targets for Qiwi (NASDAQ: QIWI):

  • 6/1/2019 – Qiwi was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/23/2019 – Qiwi was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “QIWI plc operates as a provider of next generation payment services primarily in Russia and the CIS. The Company has an integrated network that enables payment services across physical, online and mobile channels. It enables merchants to accept cash and electronic payments from virtual wallets, and operates cash-collecting terminals and kiosks. QIWI plc is based in Moscow, the Russian Federation. “
  • 5/17/2019 – Qiwi was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 5/16/2019 – Qiwi was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $20.00 price target on the stock, up previously from $19.00.
  • 5/15/2019 – Qiwi was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 5/1/2019 – Qiwi was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 4/25/2019 – Qiwi was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/17/2019 – Qiwi was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “QIWI plc operates as a provider of next generation payment services primarily in Russia and the CIS. The Company has an integrated network that enables payment services across physical, online and mobile channels. It enables merchants to accept cash and electronic payments from virtual wallets, and operates cash-collecting terminals and kiosks. QIWI plc is based in Moscow, the Russian Federation. “

Shares of QIWI traded up $0.34 on Tuesday, reaching $17.27. 122,686 shares of the company’s stock were exchanged, compared to its average volume of 336,119. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 17.98 and a beta of 1.06. Qiwi PLC has a 12 month low of $11.61 and a 12 month high of $17.66.

Qiwi (NASDAQ:QIWI) last posted its quarterly earnings results on Thursday, May 16th. The credit services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.14. Qiwi had a net margin of 12.20% and a return on equity of 16.86%. The business had revenue of $82.90 million during the quarter. As a group, equities analysts anticipate that Qiwi PLC will post 1.46 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 28th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Friday, May 24th. This is an increase from Qiwi’s previous quarterly dividend of $0.21. Qiwi’s dividend payout ratio is presently 29.17%.

Large investors have recently modified their holdings of the business. Quantamental Technologies LLC bought a new stake in Qiwi in the fourth quarter valued at approximately $37,000. Financial Gravity Companies Inc. bought a new stake in shares of Qiwi during the fourth quarter worth $65,000. SEI Investments Co bought a new stake in shares of Qiwi during the first quarter worth $60,000. Smith Asset Management Group LP bought a new stake in shares of Qiwi during the fourth quarter worth $101,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Qiwi during the fourth quarter worth $105,000. 24.43% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Debt-To-Equity Ratio

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