Goldman Sachs Upgrades Yandex NV to Buy with Price Target $19.90

Brokerage firm Goldman Sachs Upgrades its rating on Yandex NV(NASDAQ:YNDX). In a research note issued to the investors, the brokerage major Raises the price-target to $19.90 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Goldman Sachs was issued on Apr 11, 2016.

In a different note, On Mar 14, 2016, Citigroup said it Upgrades its rating on Yandex NV. The shares have been rated ‘Buy’ by the firm. On Feb 17, 2016, Deutsche Bank said it Maintains its rating on Yandex NV. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 4, 2016, Deutsche Bank said it Maintains its rating on Yandex NV. In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Buy’ by the firm.

Yandex NV (YNDX) shares turned negative on Fridays trading session with the shares closing down -0.25 points or -1.48% at a volume of 16,07,700. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.82. The peak price level was also seen at $16.82 while the days lowest was $16.52. Finally the shares closed at $16.59. The 52-week high of the shares is $21.36 while the 52-week low is $9.9401. According to the latest information available, the market cap of the company is $7,088 M.

Yandex NV(YNDX) last announced its earnings results on Feb 16, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $248.30M. Analysts had an estimated revenue of $246.43M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.17.

Yandex N.V. is an Internet and technology company. The Company operates as a search engine in Russia and also serves Turkey Ukraine Belarus and Kazakhstan. The Company’s Russian businesses are organized in five operating segments: Russian Search and Portal which includes all services offered in Russia Belarus and Kazakhstan; Russian E-commerce which includes the Yandex.Market service; Media Services which includes Yandex.Music Kinopoisk.ru Yandex.TV program and Yandex.Kinoafisha; Taxi which includes the Yandex.Taxi service and Classified Aggregators which include Yandex.Auto Auto.ru Yandex.Realty and Yandex.Job. Additionally its international operations are organized in three operating segments: Turkish Search and Portal; Ukrainian Search and Portal and Data Factory (including the Yandex.Data Factory service). It offers a range of specialized search personalized and location-based services including Yandex.News Yandex.Market Yandex.Mail Yandex.Maps and Yandex.Auto.

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