Yandex NV Receives Average Rating of “Buy” from Analysts (NASDAQ:YNDX)
Shares of Yandex NV (NASDAQ:YNDX) have received a consensus recommendation of “Buy” from the thirteen analysts that are covering the stock, Stock Ratings Network reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $44.90.
Yandex NV (NASDAQ:YNDX) opened at 29.08 on Thursday. Yandex NV has a one year low of $21.70 and a one year high of $45.42. The stock’s 50-day moving average is $30.3 and its 200-day moving average is $31.76. The company has a market cap of $9.245 billion and a price-to-earnings ratio of 22.83.
Yandex NV (NASDAQ:YNDX) last posted its quarterly 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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