Deutsche Bank Reiterates Buy Rating for Yandex NV (YNDX)
Yandex NV (NASDAQ:YNDX)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday. They currently have a $34.00 price target on the stock, up from their previous price target of $33.00. Deutsche Bank’s target price suggests a potential upside of 8.80% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Raiffeisen Bank downgraded shares of Yandex NV from a “buy” rating to a “hold” rating in a research note on Friday, July 25th. Separately, analysts at Standpoint Research downgraded shares of Yandex NV from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Finally, analysts at Zacks upgraded shares of Yandex NV from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 27th. They now have a $33.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $43.02.
Shares of Yandex NV (NASDAQ:YNDX) traded up 2.66% during mid-day trading on Wednesday, hitting $31.25. The stock had a trading volume of 2,032,390 shares. Yandex NV has a 52 week low of $21.70 and a 52 week high of $45.42. The stock has a 50-day moving average of $32.95 and a 200-day moving average of $32.97. The company has a market cap of $10.037 billion and a price-to-earnings ratio of 22.58. Yandex NV also saw unusually large options trading activity on Monday. Stock investors bought 13,252 put options on the company. This represents an increase of approximately 359% compared to the average volume of 2,887 put options.
Yandex NV (NASDAQ:YNDX) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.01. The company had revenue of $361.50 million for the quarter, compared to the consensus estimate of $340.25 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 32.0% on a year-over-year basis. Analysts expect that Yandex NV will post $43.07 EPS for the current fiscal year.
Yandex N.V. (NASDAQ:YNDX) is an Internet company in Russia.
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