QIWI PLC (QIWI) Lifted to Strong-Buy at BidaskClub

BidaskClub upgraded shares of QIWI PLC (NASDAQ:QIWI) from a buy rating to a strong-buy rating in a report issued on Thursday.

QIWI has been the topic of several other research reports. TheStreet upgraded shares of QIWI PLC from a d+ rating to a c- rating in a research note on Wednesday, April 12th. Zacks Investment Research upgraded shares of QIWI PLC from a hold rating to a strong-buy rating and set a $25.00 price target on the stock in a research note on Wednesday, May 24th. J P Morgan Chase & Co upgraded shares of QIWI PLC from a neutral rating to an overweight rating and raised their price target for the company from $15.00 to $23.00 in a research note on Monday, April 10th. Credit Suisse Group began coverage on shares of QIWI PLC in a research note on Friday, April 7th. They issued a neutral rating and a $18.00 price target on the stock. Finally, ValuEngine upgraded shares of QIWI PLC from a hold rating to a buy rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $23.25.

QIWI PLC (NASDAQ:QIWI) opened at 25.00 on Thursday. The stock has a market cap of $1.52 billion, a P/E ratio of 18.32 and a beta of 3.43. The firm’s 50-day moving average price is $22.06 and its 200-day moving average price is $16.56. QIWI PLC has a 12 month low of $11.26 and a 12 month high of $26.55.

QIWI PLC (NASDAQ:QIWI) last issued its earnings results on Wednesday, May 17th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.13. QIWI PLC had a net margin of 14.27% and a return on equity of 23.38%. The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the company posted $20.41 earnings per share. QIWI PLC’s revenue was up 15.8% on a year-over-year basis. On average, analysts predict that QIWI PLC will post $1.23 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Shareholders of record on Tuesday, May 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, May 25th. This represents a $0.80 annualized dividend and a dividend yield of 3.20%. QIWI PLC’s payout ratio is currently 110.15%.

Large investors have recently made changes to their positions in the stock. Advisors Preferred LLC purchased a new stake in shares of QIWI PLC during the first quarter valued at approximately $143,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of QIWI PLC during the fourth quarter valued at approximately $170,000. KCG Holdings Inc. purchased a new stake in shares of QIWI PLC during the first quarter valued at approximately $200,000. Quantbot Technologies LP raised its stake in shares of QIWI PLC by 141.4% in the first quarter. Quantbot Technologies LP now owns 11,982 shares of the credit services provider’s stock valued at $205,000 after buying an additional 7,018 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of QIWI PLC during the first quarter valued at approximately $221,000. Institutional investors own 14.80% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:QIWI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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