Yandex (NASDAQ:YNDX) Coverage Initiated at New Street Research


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Investment analysts at New Street Research assumed coverage on shares of Yandex (NASDAQ:YNDX) in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. The brokerage set a “buy” rating and a $81.00 price target on the information services provider’s stock. New Street Research’s price objective suggests a potential upside of 29.25% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Morgan Stanley raised shares of Yandex from an “equal weight” rating to an “overweight” rating and set a $75.00 price target on the stock in a report on Monday, March 8th. Renaissance Capital raised shares of Yandex from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Tuesday, February 9th. HSBC cut shares of Yandex from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a report on Wednesday, December 9th. Finally, TheStreet cut shares of Yandex from a “b” rating to a “c+” rating in a report on Friday, February 19th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $64.65.

NASDAQ:YNDX opened at $62.67 on Tuesday. The company has a market cap of $20.35 billion, a P/E ratio of 184.32, a P/E/G ratio of 4.05 and a beta of 1.62. The stock’s fifty day moving average price is $65.53 and its two-hundred day moving average price is $65.31. Yandex has a 1 year low of $33.79 and a 1 year high of $74.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.68 and a quick ratio of 6.68.

Yandex (NASDAQ:YNDX) last posted its earnings results on Tuesday, February 16th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.27. The firm had revenue of $969.20 million for the quarter. Yandex had a return on equity of 8.62% and a net margin of 4.24%. On average, analysts expect that Yandex will post 0.55 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its stake in shares of Yandex by 20.1% during the fourth quarter. Stifel Financial Corp now owns 23,385 shares of the information services provider’s stock valued at $1,627,000 after buying an additional 3,916 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Yandex by 6.8% during the third quarter. Captrust Financial Advisors now owns 4,718 shares of the information services provider’s stock valued at $300,000 after buying an additional 299 shares during the last quarter. Cartica Management LLC bought a new position in shares of Yandex during the fourth quarter valued at about $40,287,000. FMR LLC grew its stake in shares of Yandex by 27.6% during the fourth quarter. FMR LLC now owns 16,311,701 shares of the information services provider’s stock valued at $1,134,968,000 after buying an additional 3,529,708 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in shares of Yandex by 296.0% during the third quarter. Virtu Financial LLC now owns 18,672 shares of the information services provider’s stock valued at $1,218,000 after buying an additional 13,957 shares during the last quarter. 76.52% of the stock is currently owned by institutional investors and hedge funds.

About Yandex

Yandex N.V., an Internet and technology company, provides 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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