Yandex NV (YNDX) Receives Consensus Recommendation of “Buy” from Brokerages

Yandex NV (NASDAQ:YNDX) has been assigned a consensus rating of “Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $42.20.

A number of brokerages recently issued reports on YNDX. Zacks Investment Research downgraded Yandex from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Deutsche Bank decreased their price objective on Yandex from $42.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. BidaskClub downgraded Yandex from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. ValuEngine raised Yandex from a “sell” rating to a “hold” rating in a report on Monday, September 24th. Finally, Bank of America decreased their price objective on Yandex from $47.00 to $43.00 and set a “buy” rating for the company in a report on Friday.

Several hedge funds have recently bought and sold shares of YNDX. British Airways Pensions Investment Management Ltd raised its stake in shares of Yandex by 7.4% during the third quarter. British Airways Pensions Investment Management Ltd now owns 54,152 shares of the information services provider’s stock worth $1,781,000 after purchasing an additional 3,752 shares during the last quarter. Thornburg Investment Management Inc. raised its stake in shares of Yandex by 5.4% during the third quarter. Thornburg Investment Management Inc. now owns 1,943,019 shares of the information services provider’s stock worth $63,906,000 after purchasing an additional 99,764 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Yandex by 91.6% during the third quarter. Daiwa Securities Group Inc. now owns 53,170 shares of the information services provider’s stock worth $1,749,000 after purchasing an additional 25,414 shares during the last quarter. Boston Common Asset Management LLC purchased a new stake in shares of Yandex during the third quarter worth approximately $5,973,000. Finally, WCM Investment Management CA raised its stake in shares of Yandex by 4.1% during the third quarter. WCM Investment Management CA now owns 241,323 shares of the information services provider’s stock worth $7,937,000 after purchasing an additional 9,485 shares during the last quarter. 68.81% of the stock is owned by institutional investors and hedge funds.

Shares of YNDX opened at $30.18 on Tuesday. The company has a market capitalization of $9.75 billion, a P/E ratio of 37.26 and a beta of 2.43. Yandex has a 52-week low of $24.90 and a 52-week high of $44.49.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings results on Monday, October 29th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $496.60 million during the quarter. Yandex had a return on equity of 12.70% and a net margin of 37.72%. The business’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same period last year, the company earned $7.16 earnings per share. Equities analysts anticipate that Yandex will post 0.81 EPS for the current fiscal year.

Yandex Company Profile

Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.

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Analyst Recommendations for Yandex (NASDAQ:YNDX)

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