JPMorgan Chase & Co. Reiterates "Neutral" Rating for Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Key Points

• JPMorgan Chase & Co. has reiterated a "Neutral" rating for Joint Stock Company Kaspi.kz, setting a target price of $96.00, which suggests a potential upside of 2.05% from its current price.
• Susquehanna has lowered its price objective for the company from $140.00 to $130.00 while maintaining a "positive" rating, contributing to a consensus rating of "Moderate Buy" among analysts.
• Institutional investors own approximately 32.20% of Kaspi.kz's stock, with several hedge funds increasing their stakes in the company in recent quarters.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report)'s stock had its "neutral" rating reiterated by analysts at JPMorgan Chase & Co. in a report issued on Wednesday, MarketBeat reports. They presently have a $96.00 price objective on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 3.74% from the stock's current price.

Separately, Susquehanna reduced their price target on shares of Joint Stock Company Kaspi.kz from $140.00 to $130.00 and set a "positive" rating on the stock in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Joint Stock Company Kaspi.kz currently has an average rating of "Moderate Buy" and an average target price of $122.00.

Joint Stock Company Kaspi.kz Price Performance

Shares of KSPI traded up $1.16 during mid-day trading on Wednesday, reaching $92.54. The company had a trading volume of 145,137 shares, compared to its average volume of 370,857. The company's 50 day simple moving average is $86.60 and its 200 day simple moving average is $89.71. Joint Stock Company Kaspi.kz has a 1-year low of $75.90 and a 1-year high of $131.62. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $18.46 billion, a price-to-earnings ratio of 8.49 and a beta of 1.06.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

A number of institutional investors have recently added to or reduced their stakes in KSPI. Baillie Gifford & Co. grew its holdings in Joint Stock Company Kaspi.kz by 17.1% during the 1st quarter. Baillie Gifford & Co. now owns 5,260,033 shares of the company's stock worth $488,394,000 after acquiring an additional 768,529 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Joint Stock Company Kaspi.kz by 18.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 184,063 shares of the company's stock worth $15,625,000 after acquiring an additional 29,283 shares during the last quarter. Nikko Asset Management Americas Inc. grew its holdings in Joint Stock Company Kaspi.kz by 8.5% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 313,545 shares of the company's stock worth $29,113,000 after acquiring an additional 24,616 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Joint Stock Company Kaspi.kz by 8.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,992 shares of the company's stock worth $29,154,000 after purchasing an additional 24,616 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Joint Stock Company Kaspi.kz by 9.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 147,485 shares of the company's stock worth $12,520,000 after purchasing an additional 13,113 shares during the period. 32.20% of the stock is owned by institutional investors.

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.