Yandex N.V. (YNDX) Receives Consensus Recommendation of “Hold” from Analysts
Yandex N.V. (NASDAQ:YNDX) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $36.68.
A number of analysts have weighed in on the stock. Bank of America raised their target price on shares of Yandex from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, November 27th. VTB Capital lowered shares of Yandex from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Yandex from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Thursday, October 5th. BidaskClub upgraded shares of Yandex from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Deutsche Bank raised their target price on shares of Yandex from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th.
Shares of Yandex (NASDAQ:YNDX) opened at $32.05 on Friday. Yandex has a 52-week low of $19.92 and a 52-week high of $35.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.47 and a quick ratio of 4.47. The firm has a market cap of $10,659.36, a P/E ratio of 55.46, a price-to-earnings-growth ratio of 1.74 and a beta of 2.80.
Large investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of Yandex by 13.6% during the second quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock worth $114,000 after purchasing an additional 472 shares during the period. QCM Cayman Ltd. acquired a new position in shares of Yandex during the second quarter worth $206,000. Fieldpoint Private Securities LLC acquired a new position in shares of Yandex during the third quarter worth $273,000. Bank of New York Mellon Corp acquired a new position in shares of Yandex during the third quarter worth $305,000. Finally, Aperio Group LLC acquired a new position in shares of Yandex during the third quarter worth $342,000. Institutional investors own 65.85% of the company’s stock.
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Yandex Company Profile
Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices.
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