Yandex N.V. (NASDAQ:YNDX) is now being followed by Jefferies, as they initiated the stock at Buy on November 21. Analysts at BofA/Merrill, maintained the company shares at Buy on October 05 but switched target price from $49 to $47. The stock won favor of Citigroup analysts who expressed their confidence in it using an upgrade from Neutral to Buy on March 29. JP Morgan, released new analyst coverage on February 08, calling the stock is Overweight.
YNDX stock dropped -0.08% in recent trade and currently has a stock-market value of $11.63B. The shares finished at $35.69, after trading as low as $35.09 earlier in the session. It hit an intraday high Thursday at $35.97. Trading activity significantly weakened as the volume at ready counter decreased to 1,689,435 shares versus 3,327,565 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,459,110 shares. The stock is now 43.33% above against its bear-market low of $24.9 on October 19, 2018. It has retreated -21.99% since it’s 52-week high of $43.54 reached in March. Now the market price is down -15.61% on the year and up 30.49% YTD.
Wall Street’s most bullish Yandex N.V. (NASDAQ:YNDX) analysts are predicting the share price to blow past $51 per share during the next 12 months. The current median share price forecast by them is $43.5, suggesting that the stock could increase 21.88% in that time frame. The average price target of $43.07 calls for a nearly 20.68% increase in the stock price.
Yandex N.V. (YNDX)’s 50 day simple moving average (SMA 50) price is $32.63 and its 200-day simple moving average (SMA 200) price is $32.29. The company’s stock currently has a total float of 276.84M shares. Its weekly volatility is hovering around 2.54% and felt 3.3% volatility in price over a month. On the upside, the share price will test short term resistance at around $36.08. On a downside, the stock is likely to find some support, which begins at $35.2. The failure to get near-term support could push it to $34.7.
When looking at valuations, Yandex N.V. (YNDX) has a cheap P/E of 16.67x as compared to industry average of 34.25x. Moreover, it trades for 18.84 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 4.18x price/book and 6.03x price/sales. Compared to others, Yandex N.V. is in a different league with regards to profitability, having net margins of 37.3%. To put some perspective around this, the industry’s average net margin is 23.39%. YNDX’s ROE is 27.9%, which is also considerably better than the industry’s ROE of 19.47%. It’s also very liquid in the near term, with a current ratio of 3.9. The stock has a debt/capital of 0.
Shares of YNDX have gained 3.8% since the company’s most recent earnings report. Over the past 10 fiscal quarters, Yandex N.V. (NASDAQ:YNDX) has topped consensus earnings estimates in 1 quarters (8%), missed earnings in 6 quarters (50%), whereas at 3 occasion EPS met analyst expectations. YNDX last reported earnings that receded expectations. The company raked in $20.95 per share, 95.61% change on the same period last year. That was worse than consensus for $23.46. Revenue for the recent quarter stood at $38.84 billion, up 39% on last year and above the $37.21 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $35.32 billion to $43.05 billion, which should be compared with $29.57 billion generated last year. EPS is seen in a range of $11.46 to $23.84, against the $16.4 reported a year ago.