TheStreet Reiterates “Buy” Rating for Baidu.com (BIDU)
Baidu.com (NASDAQ:BIDU)‘s stock had its “buy” rating reiterated by research analysts at TheStreet in a report released on Thursday, AR Network reports.
The analysts wrote, “Baidu (BIDU) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other firms have also recently commented on BIDU. Analysts at Credit Suisse initiated coverage on shares of Baidu.com (NASDAQ:BIDU) in a research note to investors on Thursday. They set an “outperform” rating on the stock. Separately, analysts at Pacific Crest raised their price target on shares of Baidu.com (NASDAQ:BIDU) from $157.00 to $163.00 in a research note to investors on Wednesday, September 18th. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Baidu.com (NASDAQ:BIDU) from $121.00 to $153.00 in a research note to investors on Friday, September 13th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the stock. Baidu.com presently has a consensus rating of “Buy” and an average price target of $140.91.
Baidu.com (NASDAQ:BIDU) traded down 0.25% on Thursday, hitting $150.31. The stock had a trading volume of 842,052 shares. Baidu.com has a 52 week low of $82.98 and a 52 week high of $154.72. The stock’s 50-day moving average is $139.8 and its 200-day moving average is $107.1. The company has a market cap of $52.575 billion and a P/E ratio of 31.51.
Baidu.com (NASDAQ:BIDU) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 43.6% on a year-over-year basis. Analysts expect that Baidu.com will post $4.99 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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