Yandex (YNDX) Price Target Lowered to $41.00 at Deutsche Bank

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Yandex (NASDAQ:YNDX) had its price target reduced by Deutsche Bank from $42.00 to $41.00 in a research report released on Tuesday. Deutsche Bank currently has a buy rating on the information services provider’s stock.

Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of Yandex from a buy rating to a hold rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded shares of Yandex from a buy rating to a hold rating in a report on Thursday, August 2nd. BidaskClub downgraded shares of Yandex from a buy rating to a hold rating in a report on Tuesday, July 31st. Finally, Bank of America lowered their target price on shares of Yandex from $49.00 to $47.00 and set a buy rating on the stock in a report on Friday, October 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of $41.80.

Shares of YNDX opened at $29.28 on Tuesday. The firm has a market cap of $8.95 billion, a P/E ratio of 36.15 and a beta of 2.54. Yandex has a 1-year low of $24.90 and a 1-year high of $44.49.

Yandex (NASDAQ:YNDX) last issued its earnings results on Monday, October 29th. The information services provider reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $496.60 million for the quarter. Yandex had a net margin of 37.72% and a return on equity of 13.39%. Yandex’s quarterly revenue was up 39.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.16 earnings per share. Analysts anticipate that Yandex will post 0.86 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in YNDX. First Hawaiian Bank bought a new position in Yandex during the third quarter worth $115,000. FNY Investment Advisers LLC bought a new position in Yandex during the second quarter worth $143,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Yandex during the second quarter worth $144,000. NumerixS Investment Technologies Inc bought a new position in Yandex during the second quarter worth $240,000. Finally, Cynosure Advisors LLC bought a new position in Yandex during the second quarter worth $241,000. 68.51% of the stock is owned by hedge funds and other institutional investors.

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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