Merrill Lynch Reiterates a Buy Rating on Yandex NV

By George MacDonald

In a report issued on April 4, Haim Israel from Merrill Lynch reiterated a Buy rating on Yandex NV (NASDAQ: YNDX), with a price target of $18. The company’s shares closed yesterday at $15.08.

Yandex NV has an analyst consensus of Moderate Buy, with a price target consensus of $17.

Yandex NV`s market cap is currently $4.81B and has a P/E ratio of 31.48. The company has a book value ratio of 5.0161%.

Yandex NV operates as an investment holding company with interest in providing internet search engine services. The company develops search technology and information retrieval services in applied mathematics and data analysis for Internet users. It also features parallel search, which presents on a single page, results from both its main web index and information resources, including news, shopping, blogs, images and videos. The company offers access to its search engine through personal computers, mobile phones, tablets, and navigation and other digital devices. Yandex was founded by Elena Kolmanovskaya, Ilya Segalovich and Arkady Volozh in 2000 and is headquartered in Amsterdam, the Netherlands.