Yandex Receives Buy Rating from Barclays Capital (YNDX)
Yandex (NASDAQ:YNDX)‘s stock had its “buy” rating restated by equities research analysts at Barclays Capital in a research note issued to investors on Monday, American Banking & Market News reports. They currently have a $41.95 target price on the stock. Barclays Capital’s price objective indicates a potential upside of 9.36% from the stock’s previous close.
Shares of Yandex (NASDAQ:YNDX) traded up 0.08% on Monday, hitting $38.36. 2,171,469 shares of the company’s stock traded hands. Yandex has a 1-year low of $19.93 and a 1-year 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 posted its quarterly earnings results on Thursday, July 25th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Yandex will post $35.31 earnings per share for the current fiscal year.
YNDX has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of Yandex from $33.00 to $45.60 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, 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. 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 investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $37.03.
Yandex NV is a provider of internet services, headquartered in the Russian Federation. The Company operates a search engine, yandex.
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