Yandex Receives “Buy” Rating from Deutsche Bank (YNDX)
Yandex (NASDAQ:YNDX)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Friday, Analyst Ratings Net reports. They currently have a $33.00 target price on the stock. Deutsche Bank’s price target would indicate a potential upside of 37.50% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at VTB Capital upgraded shares of Yandex from a “hold” rating to a “buy” rating in a research note on Wednesday. Separately, analysts at Goldman Sachs cut their price target on shares of Yandex from $47.10 to $38.00 in a research note on Thursday, April 17th. Finally, analysts at Standpoint Research initiated coverage on shares of Yandex in a research note on Wednesday, April 16th. They set a “buy” rating and a $36.00 price target on the stock. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.41.
Shares of Yandex (NASDAQ:YNDX) traded down 10.06% on Friday, hitting $24.00. 28,161,684 shares of the company’s stock traded hands. Yandex has a 52 week low of $24.48 and a 52 week high of $45.42. The stock has a 50-day moving average of $29.94 and a 200-day moving average of $36.81. The company has a market cap of $7.918 billion and a price-to-earnings ratio of 20.56.
Yandex (NASDAQ:YNDX) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $7.90 by $7.67. The company had revenue of $305.00 million for the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter last year, the company posted $0.21 earnings per share. Yandex’s revenue was up 20.1% compared to the same quarter last year. On average, analysts predict that Yandex will post $44.34 earnings per share for the current fiscal year.
Yandex N.V. (NASDAQ:YNDX) is an Internet company in Russia.
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