Yandex N.V. (YNDX) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Yandex N.V. (NASDAQ:YNDX) from a hold rating to a buy rating in a report published on Thursday, October 5th. Zacks Investment Research currently has $38.00 price objective on the information services provider’s stock.

According to Zacks, “Yandex N.V. operates an Internet search website in Russia. Blog searches offered by the Company’s website includes feeds from leading blog hosting and social networking sites in Russia, including LiveJournal, Vkontakte and Facebook. The Company also offers a wide range of specialized search, personalized and location-based services, including Yandex.News, Yandex.Market, Yandex.Mail and Yandex.Maps. Yandex N.V. and is headquartered in Moscow, the Russian Federation. “

A number of other brokerages also recently issued reports on YNDX. Deutsche Bank AG reissued a buy rating and set a $38.00 price target (up from $35.00) on shares of Yandex N.V. in a report on Friday, July 14th. BidaskClub raised shares of Yandex N.V. from a sell rating to a hold rating in a report on Friday, June 23rd. HSBC Holdings plc reaffirmed a buy rating and set a $34.60 price objective (up from $33.40) on shares of Yandex N.V. in a report on Friday, July 14th. Renaissance Capital reaffirmed a sell rating and set a $24.30 price objective (up from $17.20) on shares of Yandex N.V. in a report on Friday, July 14th. Finally, VTB Capital raised shares of Yandex N.V. from a hold rating to a buy rating and set a $31.00 price objective on the stock in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $35.16.

Shares of Yandex N.V. (NASDAQ:YNDX) opened at 31.75 on Thursday. The company has a market capitalization of $10.32 billion, a P/E ratio of 40.24 and a beta of 2.82. Yandex N.V. has a 12 month low of $17.28 and a 12 month high of $34.27. The stock’s 50 day moving average is $32.23 and its 200 day moving average is $28.52.

Yandex N.V. (NASDAQ:YNDX) last announced its quarterly earnings results on Tuesday, October 24th. The information services provider reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.13). Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. On average, equities analysts predict that Yandex N.V. will post $0.79 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by BBNS and is owned by of BBNS. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://baseballnewssource.com/markets/yandex-n-v-yndx-stock-rating-upgraded-by-zacks-investment-research/1700797.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of Yandex N.V. in the second quarter valued at about $110,000. Parallel Advisors LLC raised its position in shares of Yandex N.V. by 13.6% in 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 last quarter. Invictus RG acquired a new stake in shares of Yandex N.V. in the first quarter valued at about $166,000. QCM Cayman Ltd. acquired a new stake in shares of Yandex N.V. in the second quarter valued at about $206,000. Finally, Harbor Advisors LLC acquired a new stake in shares of Yandex N.V. in the first quarter valued at about $219,000. Institutional investors and hedge funds own 67.59% of the company’s stock.

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.

Get a free copy of the Zacks research report on Yandex N.V. (YNDX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Yandex N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yandex N.V. and related companies with our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.