JPMorgan Chase & Co. Issues Pessimistic Forecast for Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Stock Price

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) had its target price reduced by stock analysts at JPMorgan Chase & Co. from $154.00 to $137.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 30.45% from the stock’s previous close.

Separately, Citigroup assumed coverage on Joint Stock Company Kaspi.kz in a research report on Monday, November 4th. They set a “buy” rating and a $140.00 price target for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $147.20.

Joint Stock Company Kaspi.kz Trading Down 1.1 %

Shares of NASDAQ KSPI opened at $105.02 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $108.45 and its 200 day simple moving average is $119.79. Joint Stock Company Kaspi.kz has a fifty-two week low of $85.02 and a fifty-two week high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.31). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.34 billion. As a group, research analysts forecast 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

Large investors have recently modified their holdings of the stock. Baillie Gifford & Co. grew its holdings in Joint Stock Company Kaspi.kz by 39.0% during the third quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company’s stock valued at $492,799,000 after purchasing an additional 1,305,625 shares during the period. Renaissance Capital LLC raised its stake in shares of Joint Stock Company Kaspi.kz by 839.0% in the third quarter. Renaissance Capital LLC now owns 96,058 shares of the company’s stock valued at $10,181,000 after buying an additional 85,828 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Joint Stock Company Kaspi.kz during the 3rd quarter valued at $7,942,000. Finally, Driehaus Capital Management LLC grew its stake in shares of Joint Stock Company Kaspi.kz by 6.8% during the 2nd 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 during the period. Hedge funds and other institutional investors own 0.09% of the company’s stock.

Joint Stock Company Kaspi.kz Company Profile

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.