BidaskClub upgraded shares of Yandex (NASDAQ:YNDX) from a hold rating to a buy rating in a report published on Saturday.
YNDX has been the subject of several other research reports. Zacks Investment Research lowered shares of Yandex from a buy rating to a hold rating in a research note on Thursday, October 12th. Deutsche Bank raised their price target on shares of Yandex to $50.00 and gave the stock a buy rating in a research note on Tuesday, January 16th. VTB Capital lowered shares of Yandex from a buy rating to a hold rating in a research note on Thursday, November 2nd. Bank of America raised their price objective on shares of Yandex from $38.00 to $45.00 and gave the stock a buy rating in a report on Monday, November 27th. Finally, TheStreet downgraded shares of Yandex from a b- rating to a c rating in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $37.89.
Shares of Yandex (NASDAQ YNDX) traded down $0.31 during mid-day trading on Friday, hitting $37.20. 2,403,858 shares of the stock traded hands, compared to its average volume of 1,940,000. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.47 and a current ratio of 4.47. Yandex has a 12 month low of $21.40 and a 12 month high of $37.69. The stock has a market cap of $12,120.00, a price-to-earnings ratio of 106.29, a P/E/G ratio of 0.97 and a beta of 2.79.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. QCM Cayman Ltd. bought a new position in Yandex in the 2nd quarter worth approximately $206,000. MML Investors Services LLC boosted its holdings in Yandex by 12.9% in the 2nd quarter. MML Investors Services LLC now owns 10,417 shares of the information services provider’s stock worth $273,000 after buying an additional 1,189 shares during the period. Fieldpoint Private Securities LLC bought a new position in Yandex in the 3rd quarter valued at $273,000. CIBC World Markets Inc. bought a new position in Yandex in the 2nd quarter valued at $290,000. Finally, Bank of New York Mellon Corp bought a new position in Yandex in the 3rd quarter valued at $305,000. 65.82% of the stock is owned by institutional investors.
WARNING: “Yandex (YNDX) Upgraded to Buy by BidaskClub” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.com-unik.info/2018/01/21/yandex-yndx-upgraded-to-buy-by-bidaskclub.html.
Yandex 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.
Receive News & Ratings for Yandex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yandex and related companies with MarketBeat.com's FREE daily email newsletter.