Yandex (YNDX) PT Raised to $50.00
Yandex (NASDAQ:YNDX) had its price target boosted by stock analysts at Deutsche Bank to $50.00 in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the information services provider’s stock. Deutsche Bank’s price target indicates a potential upside of 42.13% from the stock’s current price.
A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Yandex from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. BidaskClub raised shares of Yandex from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. TheStreet lowered shares of Yandex from a “b-” rating to a “c” rating in a research note on Tuesday, October 24th. VTB Capital lowered shares of Yandex from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Bank of America upped their price target on shares of Yandex from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $37.89.
Shares of Yandex (NASDAQ YNDX) traded up $0.58 during trading hours on Tuesday, hitting $35.18. 2,934,667 shares of the stock were exchanged, compared to its average volume of 1,837,230. The firm has a market cap of $11,550.00, a price-to-earnings ratio of 100.51, a P/E/G ratio of 0.90 and a beta of 2.79. Yandex has a 12 month low of $21.40 and a 12 month high of $36.29. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.22.
Yandex (NASDAQ:YNDX) last issued its quarterly earnings results on Tuesday, October 24th. The information services provider reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $404.00 million during the quarter. Yandex had a net margin of 7.32% and a return on equity of 14.48%. The company’s revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the company posted $11.64 earnings per share. equities analysts forecast that Yandex will post 0.57 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in YNDX. Emerging Sovereign Group LLC bought a new stake in Yandex in the second quarter worth approximately $53,695,000. Newbrook Capital Advisors LP bought a new stake in shares of Yandex during the second quarter worth about $50,062,000. Harding Loevner LP grew its holdings in shares of Yandex by 45.2% during the third quarter. Harding Loevner LP now owns 5,626,818 shares of the information services provider’s stock worth $124,012,000 after purchasing an additional 1,752,160 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Yandex by 65.2% during the second quarter. Lazard Asset Management LLC now owns 3,301,761 shares of the information services provider’s stock worth $86,638,000 after purchasing an additional 1,302,748 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Yandex by 27.8% during the third quarter. American Century Companies Inc. now owns 4,333,538 shares of the information services provider’s stock worth $142,790,000 after purchasing an additional 942,720 shares during the last quarter. Institutional investors and hedge funds own 65.82% 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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