Yandex N.V. (YNDX) Given Average Recommendation of “Hold” by Brokerages

Yandex N.V. (NASDAQ:YNDX) has earned a consensus recommendation of “Hold” from the ten research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $35.35.

YNDX has been the topic of several research analyst reports. VTB Capital raised shares of Yandex N.V. from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Yandex N.V. from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Credit Suisse Group upped their price target on shares of Yandex N.V. from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Tuesday, July 25th. They noted that the move was a valuation call. Deutsche Bank AG upped their price target on shares of Yandex N.V. from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $37.30 price target on shares of Yandex N.V. in a report on Wednesday, July 26th.

A number of hedge funds and other institutional investors have recently bought and sold shares of YNDX. Shine Investment Advisory Services Inc. purchased a new stake in Yandex N.V. during the second quarter valued at about $110,000. Parallel Advisors LLC boosted its position in Yandex N.V. by 13.6% during the second quarter. Parallel Advisors LLC now owns 3,949 shares of the information services provider’s stock valued at $114,000 after buying an additional 472 shares during the period. QCM Cayman Ltd. purchased a new stake in Yandex N.V. during the second quarter valued at about $206,000. Comerica Bank purchased a new stake in Yandex N.V. during the first quarter valued at about $249,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Yandex N.V. during the first quarter valued at about $271,000. Institutional investors and hedge funds own 67.25% of the company’s stock.

Yandex N.V. (NASDAQ:YNDX) opened at 32.68 on Friday. The company has a market cap of $10.62 billion, a price-to-earnings ratio of 41.42 and a beta of 2.82. Yandex N.V. has a 1-year low of $17.28 and a 1-year high of $34.27. The firm’s 50-day moving average price is $32.41 and its 200-day moving average price is $29.03.

Yandex N.V. (NASDAQ:YNDX) last issued its earnings results on Tuesday, October 24th. The information services provider reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $399.96 million. Yandex N.V. had a net margin of 9.50% and a return on equity of 15.51%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.64 EPS. Equities research analysts forecast that Yandex N.V. will post $0.77 EPS for the current fiscal year.

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Yandex N.V. 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.

Analyst Recommendations for Yandex N.V. (NASDAQ:YNDX)

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