Baidu.com Reaches New 12-Month High at $148.25 (BIDU)
Baidu.com (NASDAQ:BIDU)’s share price reached a new 52-week high on Wednesday, Analyst Ratings Network.com reports. The company traded as high as $148.25 and last traded at $147.74, with a volume of 5,951,751 shares traded. The stock had previously closed at $140.60.
A number of research firms have recently commented on BIDU. Analysts at TheStreet reiterated a “buy” rating on shares of Baidu.com (NASDAQ:BIDU) in a research note to investors on Tuesday. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Baidu.com (NASDAQ:BIDU) in a research note to investors on Friday, August 30th. They set an “overweight” rating on the stock.
Two research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company. Baidu.com has a consensus rating of “Buy” and a consensus target price of $133.91.
Baidu.com has a 1-year low of $82.98 and a 1-year high of $143.12. The stock’s 50-day moving average is $134.2 and its 200-day moving average is $102.8. The company has a market cap of $51.644 billion and a P/E ratio of 29.40. Baidu.com also was the target of unusually large options trading on Tuesday. Traders purchased 29,233 call options on the company. This represents an increase of approximately 156% compared to the average daily volume of 11,405 call options.
Baidu.com (NASDAQ:BIDU) last announced its earnings results on Wednesday, July 24th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.05. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was up 43.6% on a year-over-year basis. Analysts expect that Baidu.com will post $5.00 EPS for the current fiscal year.
Baidu, Inc operates as a Chinese language Internet search provider for web pages, audio files, news, images and multimedia through links provided on their website.
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