Yandex Upgraded to Outperform by Zacks (YNDX)
Yandex (NASDAQ:YNDX) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, ARN reports. The firm currently has a $36.40 target price on the stock. Zacks‘ price objective points to a potential upside of 5.81% from the stock’s previous close.
Shares of Yandex (NASDAQ:YNDX) traded down 0.06% during mid-day trading on Friday, hitting $34.38. 1,290,540 shares of the company’s stock traded hands. Yandex has a 1-year low of $19.93 and a 1-year high of $35.88. The stock’s 50-day moving average is $33.1 and its 200-day moving average is $27.53. The company has a market cap of $11.222 billion and a price-to-earnings ratio of 35.32.
Yandex (NASDAQ:YNDX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.06. The company had revenue of $281.20 million for the quarter, compared to the consensus estimate of $281.25 million. During the same quarter last year, the company posted $0.18 earnings per share. Yandex’s revenue was up 35.0% compared to the same quarter last year. Analysts expect that Yandex will post $38.43 EPS for the current fiscal year.
A number of other firms have also recently commented on YNDX. Analysts at TheStreet upgraded shares of Yandex (NASDAQ:YNDX) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. Finally, analysts at Deutsche Bank set a $35.00 price target on shares of Yandex (NASDAQ:YNDX) in a research note to investors on Tuesday, July 9th. They now have a “buy” rating on the stock.
Ten analysts have rated the stock with a buy rating, Yandex presently has an average rating of “Buy” and a consensus price target of $32.35.
Yandex NV is a provider of internet services, headquartered in the Russian Federation. The Company operates a search engine, yandex.
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