Yandex N.V. (NASDAQ:YNDX) Raised to “B-” at TheStreet

TheStreet upgraded shares of Yandex N.V. (NASDAQ:YNDX) from a c- rating to a b- rating in a research note issued to investors on Friday, July 28th.

A number of other research analysts have also weighed in on the company. Zacks Investment Research raised Yandex N.V. from a hold rating to a buy rating and set a $31.00 price objective for the company in a research report on Tuesday, May 30th. Deutsche Bank AG reaffirmed a buy rating and set a $35.00 price objective (up previously from $28.00) on shares of Yandex N.V. in a research report on Saturday, April 29th. Credit Suisse Group raised their price objective on Yandex N.V. from $32.00 to $37.00 and gave the company an outperform rating in a research report on Tuesday, July 25th. They noted that the move was a valuation call. Standpoint Research lowered Yandex N.V. from a buy rating to a hold rating in a report on Friday, April 7th. Finally, BidaskClub lowered Yandex N.V. from a hold rating to a sell rating in a report on Saturday, June 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $31.92.

Yandex N.V. (NASDAQ:YNDX) opened at 29.81 on Friday. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 37.78 and a beta of 2.86. Yandex N.V. has a 52-week low of $17.28 and a 52-week high of $32.44. The stock has a 50 day moving average of $29.48 and a 200-day moving average of $26.01.

Yandex N.V. (NASDAQ:YNDX) last announced its earnings results on Friday, July 28th. The information services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.03. Yandex N.V. had a return on equity of 15.51% and a net margin of 9.50%. The firm had revenue of $374.10 million during the quarter. During the same period in the prior year, the company earned $12.05 earnings per share. The business’s quarterly revenue was up 22.5% on a year-over-year basis. On average, analysts forecast that Yandex N.V. will post $0.78 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.com-unik.info/2017/08/19/thestreet-upgrades-yandex-n-v-nasdaqyndx-to-b-updated-updated.html.

A number of institutional investors have recently added to or reduced their stakes in the stock. WCM Investment Management CA increased its position in Yandex N.V. by 4.5% in the second quarter. WCM Investment Management CA now owns 15,465,155 shares of the information services provider’s stock valued at $405,806,000 after buying an additional 665,992 shares during the period. Morgan Stanley increased its position in Yandex N.V. by 26.9% in the first quarter. Morgan Stanley now owns 15,238,199 shares of the information services provider’s stock valued at $334,174,000 after buying an additional 3,231,080 shares during the period. Wellington Management Group LLP increased its position in Yandex N.V. by 4.6% in the first quarter. Wellington Management Group LLP now owns 12,961,670 shares of the information services provider’s stock valued at $284,249,000 after buying an additional 572,192 shares during the period. BlackRock Inc. increased its position in Yandex N.V. by 522.3% in the first quarter. BlackRock Inc. now owns 9,553,315 shares of the information services provider’s stock valued at $209,503,000 after buying an additional 8,018,212 shares during the period. Finally, FMR LLC increased its position in shares of Yandex N.V. by 1.8% in the second quarter. FMR LLC now owns 6,732,588 shares of the information services provider’s stock valued at $176,663,000 after buying an additional 120,892 shares during the last quarter. Institutional investors own 71.72% 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.

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

What are top analysts saying about Yandex N.V.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Yandex N.V. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit