You should consider shares of Yandex N.V. (NASDAQ:YNDX) and Cenovus Energy Inc. (NYSE:CVE) if you are looking for a great stocks to invest in. Starting with the YNDX shares, which traded at $40.61 at the close of the recent session, dropping -1.24%. On Tuesday, the company’s shares shed -$0.51 from its value which represented in intraday trading. The stock is now 37.66% higher in year-to-date (YTD) trading. YNDX’s intraday high was $40.63 while its lowest price touched $40.22. The stock’s 52-week high price is $42.37, which means the current price is at -4.15%. In terms of trading activity, the daily trading volume fell to 2612620 against 200-day average trading volume of 2,693,831 shares.
What are analyst forecasts for Yandex N.V. (NASDAQ:YNDX)?
At a consensus rating of 4.75, YNDX is trending as a streaking Strong Buy, as it has been the case a month ago when 5 analysts called it a Strong Buy. Two months ago, 5 analysts recommended, on average, that YNDX stock is a Strong Buy. The Technology company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $40.52 on the day.
Forecasts for Yandex N.V. (NASDAQ:YNDX) give the stock a fair value for the growth of 98.7% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $3115.87, which means the price per share could rise by nearly $3075.26. The price range target is between a low of $2710.23 and a high of $3661.89. The stock would need to gain by about $98.89 to hit the estimated high or 0.65% from its 12-month low.
The consensus among 16 analysts is that it is a good time for one to Buy in the Yandex N.V. 15 analysts rate YNDX as a Buy, with 0 of 16 analysts rate it as a Sell. 1 have valued the stock as Overweight and 0 have recommended that investors Hold.
Yandex N.V. (NASDAQ:YNDX) Upgrades and Downgrades
In terms of rating changes, Jefferies on November 21, 2018, Initiated Yandex N.V. (YNDX) at Buy. Analysts at BofA/Merrill have assigned a Buy rating for the stock in their research note on October 05, 2018 with an estimated price target of $47. Moreover, Citigroup analysts issued a rating of Buy for the stock on March 29, 2018. On February 08, 2018, the stock earned a Overweight rating due to an analyst call from JP Morgan, while analysts from BofA/Merrill on November 27, 2017 suggested that the stock is Buy.
Cenovus Energy Inc. (NYSE:CVE) adds -$0.29 on Tuesday
The CVE stock has risen 21.34% year-to-date and is currently trading at $8.53, which is -21.16% below its 52-week high. The company shares lost -3.29% on the day and have risen nearly 38.70% off a low hit. At current levels, Cenovus Energy Inc. has a valuation of about $14.98B. As of 12/03/19, this stock has fallen -6.16% during the week and closed at $8.82 in the previous session. However, recent Cenovus Energy Inc. stock performance shows that CVE shares are -2.18% down over the last month, and -2.18% down for the last three months.
Earnings per share (EPS) estimates for the current quarter are -$0.06, with the trailing 12-month share earnings at $0.45. The ratio is expected to be down by -66.70% for the current year 2019 and 62.10% for next year. Over the next 5-year period, earnings per share will be 54.41%. But will the CVE stock surprise in the current quarter results, where the $0.56 actual EPS reported on 12/30/2017 surprised by 600.00% or was higher by $0.48 from the estimated $0.08.
Sales Growth to decline -0.10% for the year
How well will Cenovus Energy Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $3.22B and $3.82B in current quarter sales. The consensus estimated for the current quarter is $3.57B from sales. Forecasts for this fiscal year are between $12.64B and $15.99B and the consensus estimate for sales is at $14.84B. CVE has its next quarter sales estimates at between $3.17B and $3.73B, with the quarter-over-quarter growth estimates at 11.20% and the annual growth forecast for the year at -0.10%.
Who owns shares in Cenovus Energy Inc. (CVE)?
Let’s briefly focus on the share ownership of the Cenovus Energy Inc. (NYSE:CVE) stock, where we find that 65.84% of shares are held by institutions. ConocoPhillips tops the list of institutional owners as it is holding 208.0 million shares or 16.93% of shares outstanding. FMR, LLC and Harris Associates L.P. held 92.67 million and 59.58 million representing 7.54% and 4.85% respectively at the close of the last trading session. As of Sep 29, 2019, Capital World Investors accounted for 54.19 million shares at over 508.34 million. This represented 4.41% of shares outstanding. Capital Research Global Investors held 53.27 million shares at over 499.71 million representing 4.34% of shares outstanding.