Yandex (YNDX) Cut to Buy at BidaskClub

BidaskClub cut shares of Yandex (NASDAQ:YNDX) from a strong-buy rating to a buy rating in a report issued on Friday morning, BidAskClub reports.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Yandex from a sell rating to a hold rating in a research report on Saturday, April 13th. Deutsche Bank lifted their price target on shares of Yandex from $41.00 to $44.00 and gave the company a buy rating in a research report on Wednesday, March 6th. UBS Group set a $45.00 price target on shares of Yandex and gave the company a buy rating in a research report on Tuesday, April 2nd. ValuEngine raised shares of Yandex from a hold rating to a buy rating in a research report on Saturday, April 13th. Finally, Bank of America set a $47.00 price target on shares of Yandex and gave the company a buy rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Yandex currently has an average rating of Buy and a consensus target price of $43.40.

NASDAQ:YNDX opened at $37.34 on Friday. Yandex has a 12 month low of $24.90 and a 12 month high of $39.70. The company has a market capitalization of $12.26 billion, a PE ratio of 39.31 and a beta of 2.18.

Yandex (NASDAQ:YNDX) last released its quarterly earnings results on Friday, February 15th. The information services provider reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02). Yandex had a net margin of 37.60% and a return on equity of 11.41%. The firm had revenue of $38.84 billion during the quarter, compared to the consensus estimate of $37.45 billion. During the same period in the prior year, the business earned $15.85 EPS. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. On average, sell-side analysts forecast that Yandex will post 1.35 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. TT International bought a new position in Yandex during the fourth quarter worth $53,935,000. Bank of New York Mellon Corp increased its position in Yandex by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 2,496,467 shares of the information services provider’s stock worth $82,108,000 after acquiring an additional 71,344 shares during the period. Financial Gravity Companies Inc. bought a new position in Yandex during the fourth quarter worth $158,000. Vanguard Group Inc increased its position in Yandex by 5.1% during the third quarter. Vanguard Group Inc now owns 251,359 shares of the information services provider’s stock worth $8,267,000 after acquiring an additional 12,187 shares during the period. Finally, Coronation Fund Managers Ltd. bought a new position in Yandex during the fourth quarter worth $95,828,000. 64.91% of the stock is currently owned by institutional investors and hedge funds.

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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