Qiwi PLC Given “Buy” Rating at Zacks (QIWI)
Qiwi PLC (NASDAQ:QIWI)‘s stock had its “buy” rating reiterated by Zacks in a report issued on Tuesday, American Banking and Market News reports. They currently have a $35.50 target price on the stock. Zacks‘ price objective would indicate a potential downside of 2.71% from the company’s current price.
Qiwi PLC (NASDAQ:QIWI) traded down 10.19% on Tuesday, hitting $36.49. The stock had a trading volume of 746,553 shares. Qiwi PLC has a one year low of $14.51 and a one year high of $41.74. The stock has a 50-day moving average of $32.8 and a 200-day moving average of $25.92. The company has a market cap of $1.901 billion and a price-to-earnings ratio of 43.18.
Qiwi PLC (NASDAQ:QIWI) last released its earnings data on Tuesday, August 27th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.10. The company had revenue of $47.70 million for the quarter, compared to the consensus estimate of $39.33 million. The company’s quarterly revenue was up 61.8% on a year-over-year basis. On average, analysts predict that Qiwi PLC will post $1.13 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on QIWI. Analysts at Credit Suisse raised their price target on shares of Qiwi PLC from $36.00 to $46.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Qiwi PLC in a research note to investors on Monday, September 30th. They set an “equal weight” rating and a $30.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Qiwi PLC from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, August 27th. They now have a $40.00 price target on the stock, up previously from $24.00. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $33.80.
QIWI plc. is a provider of payment services in Russia and Commonwealth of Independent States (NASDAQ:QIWI).
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.