JPMorgan Chase & Co. Reiterates Overweight Rating for Yandex (YNDX)

Yandex (NASDAQ:YNDX)‘s stock had its “overweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research note issued on Thursday. They currently have a $47.00 price target on the information services provider’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 30.96% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. Deutsche Bank upped their target price on Yandex from $38.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Yandex from a “hold” rating to a “sell” rating in a report on Friday, October 20th. BidaskClub upgraded Yandex from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. TheStreet downgraded Yandex from a “b-” rating to a “c” rating in a report on Tuesday, October 24th. Finally, VTB Capital downgraded Yandex from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.90.

Yandex (NASDAQ YNDX) opened at $35.89 on Thursday. Yandex has a 52-week low of $21.40 and a 52-week high of $39.67. The stock has a market capitalization of $11,690.00, a P/E ratio of 105.56, a price-to-earnings-growth ratio of 0.90 and a beta of 2.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.47 and a quick ratio of 4.47.

Yandex (NASDAQ:YNDX) last announced its earnings results on Thursday, February 15th. The information services provider reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.13). Yandex had a net margin of 7.32% and a return on equity of 14.48%. equities research analysts anticipate that Yandex will post 0.72 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Nova Scotia bought a new stake in shares of Yandex in the 2nd quarter valued at approximately $1,658,000. Koch Industries Inc. bought a new stake in shares of Yandex in the 2nd quarter valued at approximately $331,000. Bank of New York Mellon Corp bought a new stake in shares of Yandex in the 3rd quarter valued at approximately $305,000. Eqis Capital Management Inc. grew its stake in Yandex by 18.0% during the 3rd quarter. Eqis Capital Management Inc. now owns 27,913 shares of the information services provider’s stock worth $920,000 after buying an additional 4,261 shares during the last quarter. Finally, Advisor Group Inc. grew its stake in Yandex by 34.3% during the 3rd quarter. Advisor Group Inc. now owns 29,738 shares of the information services provider’s stock worth $980,000 after buying an additional 7,602 shares during the last quarter. Institutional investors and hedge funds own 65.22% of the company’s stock.

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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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