Zacks Lowers Qiwi PLC to Neutral (QIWI)
Qiwi PLC (NASDAQ:QIWI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday. They currently have a $43.30 target price on the stock. Zacks‘s price target would suggest a potential upside of 11.66% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $52.48.
Shares of Qiwi PLC (NASDAQ:QIWI) traded up 0.18% on Wednesday, hitting $38.85. 204,672 shares of the company’s stock traded hands. Qiwi PLC has a 52 week low of $26.14 and a 52 week high of $59.24. The stock has a 50-day moving average of $38.66 and a 200-day moving average of $37.45. The company has a market cap of $2.036 billion and a price-to-earnings ratio of 25.72.
Qiwi PLC (NASDAQ:QIWI) last announced its earnings results on Thursday, August 7th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The company had revenue of $62.80 million for the quarter, compared to the consensus estimate of $54.37 million. During the same quarter in the previous year, the company posted $10.50 earnings per share. The company’s revenue for the quarter was up 21.2% on a year-over-year basis. Analysts expect that Qiwi PLC will post $1.60 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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