Qiwi (NASDAQ:QIWI) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Qiwi (NASDAQ:QIWI) from a hold rating to a buy rating in a research report report published on Wednesday morning, BidAskClub reports.

QIWI has been the topic of a number of other reports. Zacks Investment Research raised shares of Qiwi from a hold rating to a buy rating and set a $21.00 price target on the stock in a research note on Saturday, November 9th. Goldman Sachs Group began coverage on shares of Qiwi in a research note on Monday, November 25th. They issued a buy rating and a $27.00 price target on the stock. ValuEngine lowered shares of Qiwi from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. Finally, William Blair reaffirmed a market perform rating on shares of Qiwi in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Qiwi presently has a consensus rating of Buy and an average target price of $22.67.

Qiwi stock traded up $0.53 during midday trading on Wednesday, reaching $21.40. The company had a trading volume of 383,912 shares, compared to its average volume of 411,991. The company has a market capitalization of $1.30 billion, a P/E ratio of 22.29 and a beta of 1.05. Qiwi has a 12-month low of $12.93 and a 12-month high of $25.25. The firm’s fifty day simple moving average is $19.44 and its 200-day simple moving average is $20.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.30 and a quick ratio of 1.30.

Qiwi (NASDAQ:QIWI) last issued its quarterly earnings results on Wednesday, November 20th. The credit services provider reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.15. The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.78 billion. Qiwi had a net margin of 13.53% and a return on equity of 23.70%. Qiwi’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company posted $18.99 EPS. On average, analysts expect that Qiwi will post 1.57 EPS for the current fiscal year.

The firm also recently announced a dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, November 29th. Qiwi’s dividend payout ratio (DPR) is 108.33%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QIWI. Eqis Capital Management Inc. raised its position in shares of Qiwi by 0.8% during the 3rd quarter. Eqis Capital Management Inc. now owns 89,809 shares of the credit services provider’s stock valued at $1,971,000 after buying an additional 684 shares during the period. Altshuler Shaham Ltd purchased a new stake in shares of Qiwi during the 2nd quarter valued at approximately $105,000. Van ECK Associates Corp raised its position in shares of Qiwi by 5.5% during the 2nd quarter. Van ECK Associates Corp now owns 88,315 shares of the credit services provider’s stock valued at $1,728,000 after buying an additional 4,596 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of Qiwi during the 2nd quarter valued at approximately $128,000. Finally, JPMorgan Chase & Co. raised its position in shares of Qiwi by 0.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,371,447 shares of the credit services provider’s stock valued at $27,456,000 after buying an additional 6,553 shares during the period. 28.61% of the stock is currently owned by institutional investors and hedge funds.

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 offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

Featured Article: How do taxes affect a CDs total return?

Receive News & Ratings for Qiwi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qiwi and related companies with MarketBeat.com's FREE daily email newsletter.