Merrill Lynch Remains a Buy on Yandex NV (YNDX)

By Carrie Williams

In a report released today, Haim Israel from Merrill Lynch maintained a Buy rating on Yandex NV (NASDAQ: YNDX), with a price target of $47. The company’s shares opened today at $32.12.

Israel has an average return of 26.8% when recommending Yandex NV.

According to TipRanks.com, Israel is ranked #2378 out of 4886 analysts.

Currently, the analyst consensus on Yandex NV is a Moderate Buy with an average price target of $47.

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Yandex NV’s market cap is currently $10.61B and has a P/E ratio of 15.91. The company has a Price to Book ratio of 3.71.

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Yandex NV operates as an investment holding company, which engages in the provision of search engines and online services. It operates through the following business segments: Search and Portal, E-Commerce, Taxi, Classifieds, and Experimental Businesses. The Search and Portal segment includes all the services offered in Russia, Belarus and Kazakhstan.