Deutsche Bank Increases Yandex (YNDX) Price Target to $50.00

Yandex (NASDAQ:YNDX) had its price target increased by Deutsche Bank to $50.00 in a research note issued to investors on Tuesday. They currently have a buy rating on the information services provider’s stock.

Several other brokerages also recently commented on YNDX. Zacks Investment Research upgraded shares of Yandex from a sell rating to a hold rating in a research note on Saturday, October 28th. BidaskClub upgraded shares of Yandex from a sell rating to a hold rating in a research note on Wednesday, December 27th. VTB Capital downgraded shares of Yandex from a buy rating to a hold rating in a research note on Thursday, November 2nd. Bank of America boosted their target price on shares of Yandex from $38.00 to $45.00 and gave the company a buy rating in a research note on Monday, November 27th. Finally, TheStreet downgraded shares of Yandex from a b- rating to a c rating in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $37.89.

Shares of Yandex (YNDX) traded down $0.31 during trading hours on Tuesday, hitting $37.20. 2,403,858 shares of the stock traded hands, compared to its average volume of 2,099,273. Yandex has a 52 week low of $21.40 and a 52 week high of $37.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.47 and a quick ratio of 4.47. The firm has a market cap of $12,120.00, a P/E ratio of 106.29, a PEG ratio of 0.95 and a beta of 2.79.

Yandex (NASDAQ:YNDX) last issued its earnings results on Tuesday, October 24th. The information services provider reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Yandex had a net margin of 7.32% and a return on equity of 14.48%. The company had revenue of $404.00 million for the quarter. During the same quarter in the prior year, the firm posted $11.64 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. equities research analysts predict that Yandex will post 0.57 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its holdings in shares of Yandex by 9.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 68,658 shares of the information services provider’s stock valued at $2,249,000 after buying an additional 6,164 shares during the last quarter. Creative Planning bought a new position in shares of Yandex in the fourth quarter valued at about $513,000. Bank of Montreal Can raised its holdings in shares of Yandex by 5.8% in the fourth quarter. Bank of Montreal Can now owns 349,298 shares of the information services provider’s stock valued at $11,440,000 after buying an additional 19,173 shares during the last quarter. AXA bought a new position in shares of Yandex in the third quarter valued at about $7,807,000. Finally, GSA Capital Partners LLP bought a new position in shares of Yandex in the third quarter valued at about $13,907,000. 65.82% of the stock is owned by institutional investors and hedge funds.

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About Yandex

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 (NASDAQ:YNDX)

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