Yandex (YNDX) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of Yandex (NASDAQ:YNDX) in a report published on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating on the information services provider’s stock. Jefferies Financial Group also issued estimates for Yandex’s FY2020 earnings at $1.49 EPS and FY2021 earnings at $1.95 EPS.

YNDX has been the subject of a number of other reports. HSBC initiated coverage on shares of Yandex in a report on Monday, November 5th. They set a buy rating for the company. Zacks Investment Research lowered shares of Yandex from a buy rating to a hold rating in a report on Wednesday, October 17th. UBS Group set a $43.00 price target on shares of Yandex and gave the company a buy rating in a report on Wednesday, October 31st. ValuEngine upgraded shares of Yandex from a hold rating to a buy rating in a report on Wednesday, October 17th. Finally, BidaskClub lowered shares of Yandex from a hold rating to a sell rating in a report on Saturday, September 8th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Yandex currently has a consensus rating of Buy and a consensus target price of $41.33.

NASDAQ:YNDX opened at $28.31 on Wednesday. Yandex has a 52 week low of $24.90 and a 52 week high of $44.49. The firm has a market cap of $9.65 billion, a P/E ratio of 34.95 and a beta of 2.43.

Yandex (NASDAQ:YNDX) last posted its quarterly earnings results on Monday, October 29th. The information services provider reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. Yandex had a net margin of 37.72% and a return on equity of 12.70%. The company had revenue of $496.60 million during the quarter. During the same quarter in the prior year, the company earned $7.16 earnings per share. The company’s quarterly revenue was up 39.0% compared to the same quarter last year. On average, equities analysts anticipate that Yandex will post 0.81 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. raised its holdings in Yandex by 105.6% in the 3rd quarter. OppenheimerFunds Inc. now owns 18,348,459 shares of the information services provider’s stock worth $603,480,000 after purchasing an additional 9,423,857 shares in the last quarter. BlackRock Inc. raised its holdings in Yandex by 17.9% in the 3rd quarter. BlackRock Inc. now owns 7,263,914 shares of the information services provider’s stock worth $238,911,000 after purchasing an additional 1,102,214 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Yandex by 1.2% in the 2nd quarter. Wells Fargo & Company MN now owns 5,426,630 shares of the information services provider’s stock worth $194,816,000 after purchasing an additional 63,582 shares in the last quarter. American Century Companies Inc. raised its holdings in Yandex by 7.2% in the 2nd quarter. American Century Companies Inc. now owns 3,602,897 shares of the information services provider’s stock worth $129,344,000 after purchasing an additional 241,530 shares in the last quarter. Finally, Genesis Asset Managers LLP raised its holdings in Yandex by 1,536.8% in the 3rd quarter. Genesis Asset Managers LLP now owns 3,543,337 shares of the information services provider’s stock worth $116,044,000 after purchasing an additional 3,326,862 shares in the last quarter. Institutional investors and hedge funds own 73.71% 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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Analyst Recommendations for Yandex (NASDAQ:YNDX)

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