Susquehanna Initiates Coverage on Qiwi PLC (QIWI)
Equities research analysts at Susquehanna started coverage on shares of Qiwi PLC (NASDAQ:QIWI) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “positive” rating on the stock.
A number of other firms have also recently commented on QIWI. Analysts at JPMorgan Chase & Co. raised their price target on shares of Qiwi PLC from $50.00 to $62.00 in a research note on Tuesday, July 15th. They now have an “overweight” rating on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Qiwi PLC in a research note on Monday, July 14th. They set a “buy” rating and a $60.00 price target on the stock. Finally, analysts at Standpoint Research downgraded shares of Qiwi PLC from a “buy” rating to a “hold” rating in a research note on Friday, May 23rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Qiwi PLC has an average rating of “Buy” and a consensus target price of $51.17.
Qiwi PLC (NASDAQ:QIWI) traded down 6.56% during mid-day trading on Monday, hitting $37.58. The stock had a trading volume of 991,537 shares. Qiwi PLC has a 52 week low of $25.22 and a 52 week high of $59.24. The stock’s 50-day moving average is $41.53 and its 200-day moving average is $38.63. The company has a market cap of $1.962 billion and a P/E ratio of 29.73. Qiwi PLC also saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 1,407,519 shares, a decline of 22.8% from the June 13th total of 1,822,878 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,239,088 shares, the short-interest ratio is currently 1.1 days.
Qiwi PLC (NASDAQ:QIWI) last released its earnings data on Wednesday, May 21st. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.08. The company had revenue of $52.60 million for the quarter, compared to the consensus estimate of $44.24 million. During the same quarter in the prior year, the company posted $7.02 earnings per share. The company’s quarterly revenue was up 46.2% on a year-over-year basis. Analysts expect that Qiwi PLC will post $1.58 EPS for the current fiscal year.
QIWI plc. is a provider of payment services in Russia and Commonwealth of Independent States (NASDAQ:QIWI).
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