Yandex NV Given Consensus Rating of “Buy” by Analysts (NASDAQ:YNDX)
Yandex NV (NASDAQ:YNDX) has received an average rating of “Buy” from the thirteen ratings firms that are presently covering the stock, American Banking News reports. Four equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $44.90.
Yandex NV (NASDAQ:YNDX) traded up 0.65% during mid-day trading on Thursday, hitting $30.36. 745,425 shares of the company’s stock traded hands. Yandex NV has a 1-year low of $21.70 and a 1-year high of $45.42. The stock’s 50-day moving average is $30.64 and its 200-day moving average is $31.8. The company has a market cap of $9.652 billion and a P/E ratio of 23.10.
Yandex NV (NASDAQ:YNDX) last announced its earnings results on Tuesday, July 29th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 32.0% on a year-over-year basis. Analysts expect that Yandex NV will post $43.01 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs downgraded shares of Yandex NV from a “buy” rating to a “neutral” rating in a research note on Thursday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Yandex NV in a research note on Wednesday, July 30th. They now have a $34.00 price target on the stock, up previously from $33.00. Finally, 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.
Yandex N.V. (NASDAQ:YNDX) is an Internet company in Russia.
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