Qiwi (QIWI) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Qiwi (NASDAQ:QIWI) from a hold rating to a sell rating in a research note published on Wednesday morning.

A number of other brokerages have also issued reports on QIWI. UBS raised Qiwi from a neutral rating to a buy rating and set a $25.00 price objective for the company in a report on Thursday, April 5th. BidaskClub raised Qiwi from a sell rating to a hold rating in a report on Tuesday, January 23rd. Finally, Zacks Investment Research raised Qiwi from a sell rating to a hold rating in a report on Saturday, March 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Qiwi currently has a consensus rating of Hold and a consensus target price of $26.00.

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Shares of QIWI stock opened at $16.86 on Wednesday. Qiwi has a 12-month low of $13.66 and a 12-month high of $26.55. The company has a market capitalization of $757.05, a P/E ratio of 15.91 and a beta of 2.71.

Qiwi (NASDAQ:QIWI) last issued its quarterly earnings data on Wednesday, March 28th. The credit services provider reported $10.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $10.35. Qiwi had a return on equity of 18.36% and a net margin of 15.11%. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the company posted $15.43 EPS. The business’s revenue for the quarter was up 45.9% compared to the same quarter last year. analysts anticipate that Qiwi will post 1.1 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of QIWI. Northern Trust Corp boosted its stake in Qiwi by 19.4% during the 2nd quarter. Northern Trust Corp now owns 20,283 shares of the credit services provider’s stock valued at $501,000 after purchasing an additional 3,296 shares in the last quarter. State Street Corp boosted its stake in Qiwi by 8.7% during the 2nd quarter. State Street Corp now owns 47,658 shares of the credit services provider’s stock valued at $1,177,000 after purchasing an additional 3,808 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Qiwi by 240.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 390,918 shares of the credit services provider’s stock valued at $6,470,000 after purchasing an additional 276,068 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Qiwi by 83.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 70,000 shares of the credit services provider’s stock valued at $1,186,000 after purchasing an additional 31,900 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Qiwi during the 3rd quarter valued at $268,000. 27.03% of the stock is owned by hedge funds and other institutional investors.

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Qiwi Company Profile

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company provides payment services across physical, online, and mobile channels through a network of approximately 113,000 kiosks and 49,000 terminals that run its proprietary software.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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