Yandex (NASDAQ:YNDX) has been assigned a $45.00 price objective by HSBC in a research report issued to clients and investors on Friday, TipRanks reports. The brokerage currently has a “buy” rating on the information services provider’s stock. HSBC’s price objective points to a potential upside of 16.94% from the stock’s current price.
Several other research analysts have also commented on YNDX. BidaskClub upgraded Yandex from a “buy” rating to a “strong-buy” rating in a report on Friday. ValuEngine upgraded Yandex from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Zacks Investment Research upgraded Yandex from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. UBS Group set a $45.00 price target on Yandex and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Finally, Bank of America set a $47.00 price target on Yandex and gave the stock a “buy” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.60.
Shares of YNDX stock opened at $38.48 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.60 and a current ratio of 2.60. The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 40.51 and a beta of 2.04. Yandex has a fifty-two week low of $24.90 and a fifty-two week high of $39.70.
Yandex (NASDAQ:YNDX) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $16.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $16.12. The company had revenue of $37.28 billion for the quarter, compared to analyst estimates of $36.03 billion. Yandex had a return on equity of 11.81% and a net margin of 36.20%. The firm’s revenue for the quarter was up 40.3% on a year-over-year basis. During the same quarter last year, the firm posted $11.96 EPS. Sell-side analysts expect that Yandex will post 1.33 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Enlightenment Research LLC acquired a new stake in Yandex during the 4th quarter valued at approximately $30,000. American Beacon Advisors Inc. grew its stake in Yandex by 44.0% during the 1st quarter. American Beacon Advisors Inc. now owns 972 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 297 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Yandex during the 1st quarter valued at approximately $103,000. One Wealth Advisors LLC acquired a new stake in Yandex during the 1st quarter valued at approximately $114,000. Finally, YorkBridge Wealth Partners LLC acquired a new stake in Yandex during the 4th quarter valued at approximately $126,000. Institutional investors and hedge funds own 66.18% of the company’s stock.
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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