Qiwi Plc (QIWI) Cut to “Hold” at VTB Capital
Qiwi Plc (NASDAQ:QIWI) was downgraded by analysts at VTB Capital from a “buy” rating to a “hold” rating in a research note issued on Monday, The Fly reports.
Several other brokerages have also recently weighed in on QIWI. ValuEngine raised shares of Qiwi Plc from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Qiwi Plc from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday, March 28th. TheStreet raised shares of Qiwi Plc from a “d+” rating to a “c-” rating in a report on Wednesday, April 12th. Credit Suisse Group began coverage on shares of Qiwi Plc in a report on Friday, April 7th. They issued a “neutral” rating and a $18.00 target price on the stock. Finally, J P Morgan Chase & Co raised shares of Qiwi Plc from a “neutral” rating to an “overweight” rating and raised their target price for the company from $15.00 to $23.00 in a report on Monday, April 10th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.00.
Qiwi Plc (NASDAQ:QIWI) traded down 2.22% on Monday, reaching $24.64. 356,651 shares of the company’s stock were exchanged. Qiwi Plc has a one year low of $11.26 and a one year high of $26.55. The firm has a 50 day moving average of $21.89 and a 200-day moving average of $16.43. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 18.05 and a beta of 3.43.
Qiwi Plc (NASDAQ:QIWI) last issued its quarterly earnings results on Wednesday, May 17th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.13. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Qiwi Plc had a net margin of 14.27% and a return on equity of 23.38%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $20.41 earnings per share. Equities research analysts forecast that Qiwi Plc will post $1.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Investors of record on Tuesday, May 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, May 25th. This represents a $0.80 annualized dividend and a yield of 3.17%. Qiwi Plc’s dividend payout ratio (DPR) is 110.15%.
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A number of hedge funds have recently modified their holdings of QIWI. Oxford Asset Management purchased a new stake in shares of Qiwi Plc during the first quarter valued at $435,000. Quantitative Investment Management LLC purchased a new stake in shares of Qiwi Plc during the first quarter valued at $3,428,000. Stevens Capital Management LP purchased a new stake in shares of Qiwi Plc during the first quarter valued at $281,000. Parametric Portfolio Associates LLC boosted its stake in shares of Qiwi Plc by 30.5% in the first quarter. Parametric Portfolio Associates LLC now owns 325,256 shares of the credit services provider’s stock valued at $5,578,000 after buying an additional 75,983 shares during the period. Finally, Advisors Preferred LLC purchased a new stake in shares of Qiwi Plc during the first quarter valued at $143,000. 14.80% of the stock is currently owned by hedge funds and other institutional investors.
Qiwi Plc Company Profile
QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.
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