Yandex PT Raised to $45.60 (YNDX)
UBS AG hoisted their price target on shares of Yandex (NASDAQ:YNDX) from $33.00 to $45.60 in a research note issued on Monday, AnalystRatings.NET reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target would indicate a potential upside of 18.87% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Yandex from $35.00 to $52.00 in a research note to investors on Tuesday, October 8th. They now have a “buy” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Yandex from $39.37 to $41.95 in a research note to investors on Friday, October 4th. They now have an “overweight” rating on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Yandex in a research note to investors on Thursday, October 3rd. They set a “buy” rating and a $46.00 price target on the stock. Thirteen research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $37.03.
Shares of Yandex (NASDAQ:YNDX) traded up 0.08% during mid-day trading on Monday, hitting $38.36. 2,171,469 shares of the company’s stock traded hands. Yandex has a 52 week low of $19.93 and a 52 week high of $39.44. The stock’s 50-day moving average is $35.52 and its 200-day moving average is $29.53. The company has a market cap of $12.521 billion and a P/E ratio of 39.35.
Yandex (NASDAQ:YNDX) last announced its earnings results 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 $35.31 EPS for the current fiscal year.
Yandex NV is a provider of internet services, headquartered in the Russian Federation. The Company operates a search engine, yandex.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.