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Shares of Qiwi PLC (NASDAQ:QIWI) have been given an average rating of “Buy” by the nine brokerages that are covering the company, Analyst Ratings Net reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $53.14.

QIWI has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Qiwi PLC from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 22nd. They now have a $48.60 price target on the stock. Separately, analysts at Susquehanna initiated coverage on shares of Qiwi PLC in a research note on Monday, July 21st. They set a “positive” rating and a $50.00 price target on the stock. Finally, 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.

Qiwi PLC (NASDAQ:QIWI) traded up 2.09% during mid-day trading on Monday, hitting $36.68. The stock had a trading volume of 44,103 shares. Qiwi PLC has a 1-year low of $26.14 and a 1-year high of $59.24. The stock’s 50-day moving average is $39.78 and its 200-day moving average is $37.74. The company has a market cap of $1.915 billion and a P/E ratio of 26.56.

Qiwi PLC (NASDAQ:QIWI) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.37 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $7.02 earnings per share. The company’s revenue for the quarter was up 46.2% on a year-over-year basis. Analysts expect that Qiwi PLC will post $1.55 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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