JPMorgan Chase & Co. Lowers Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Price Target to $137.00

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) had its price objective dropped by JPMorgan Chase & Co. from $154.00 to $137.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 30.45% from the company’s current price.

Separately, Citigroup initiated coverage on shares of Joint Stock Company Kaspi.kz in a research report on Monday, November 4th. They issued a “buy” rating and a $140.00 price target for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $147.20.

Joint Stock Company Kaspi.kz Price Performance

KSPI stock opened at $105.02 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. The company has a 50 day simple moving average of $108.45 and a 200 day simple moving average of $119.79. Joint Stock Company Kaspi.kz has a 1 year low of $85.02 and a 1 year high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.84 by ($0.31). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.34 billion. On average, analysts anticipate that Joint Stock Company Kaspi.kz will post 10.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Several large investors have recently added to or reduced their stakes in KSPI. Renaissance Capital LLC boosted its position in shares of Joint Stock Company Kaspi.kz by 36.5% during the 2nd quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock worth $1,320,000 after purchasing an additional 2,738 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in Joint Stock Company Kaspi.kz by 6.8% in the second quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock worth $2,840,000 after acquiring an additional 1,400 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Joint Stock Company Kaspi.kz in the third quarter valued at approximately $7,942,000. Finally, Baillie Gifford & Co. increased its holdings in shares of Joint Stock Company Kaspi.kz by 191.5% during the second quarter. Baillie Gifford & Co. now owns 3,343,859 shares of the company’s stock valued at $431,391,000 after acquiring an additional 2,196,646 shares in the last quarter. Institutional investors and hedge funds own 0.09% of the company’s stock.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.