Yandex (YNDX) Rating Increased to Buy at ValuEngine

Yandex (NASDAQ:YNDX) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other analysts also recently commented on YNDX. Zacks Investment Research upgraded shares of Yandex from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 21st. BidaskClub downgraded shares of Yandex from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Bank of America decreased their price objective on shares of Yandex from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 5th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $43.60.

Shares of YNDX stock opened at $29.49 on Wednesday. The firm has a market cap of $11.78 billion, a PE ratio of 36.41 and a beta of 2.54. Yandex has a one year low of $28.52 and a one year high of $44.49.

Yandex (NASDAQ:YNDX) last announced its quarterly earnings data on Thursday, July 26th. The information services provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). The firm had revenue of $472.80 million for the quarter. Yandex had a net margin of 36.22% and a return on equity of 12.72%. Yandex’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter last year, the firm earned $12.12 EPS. On average, analysts anticipate that Yandex will post 0.97 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in YNDX. First Hawaiian Bank bought a new stake in Yandex in the 3rd quarter valued at $115,000. FNY Investment Advisers LLC bought a new stake in Yandex in the 2nd quarter valued at $143,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Yandex in the 2nd quarter valued at $144,000. NumerixS Investment Technologies Inc bought a new stake in Yandex in the 2nd quarter valued at $240,000. Finally, Cynosure Advisors LLC bought a new stake in Yandex in the 2nd quarter valued at $241,000. Institutional investors own 69.28% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Yandex (NASDAQ:YNDX)

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