TheStreet Reiterates Buy Rating for Baidu.com (BIDU)
Baidu.com (NASDAQ:BIDU)‘s stock had its “buy” rating restated by equities research analysts at TheStreet in a research note issued to investors on Tuesday, American Banking and Market News 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.”
Shares of Baidu.com (NASDAQ:BIDU) traded down 5.23% during mid-day trading on Tuesday, hitting $149.30. The stock had a trading volume of 2,352,107 shares. Baidu.com has a 52-week low of $82.98 and a 52-week high of $161.48. The stock’s 50-day moving average is $144.4 and its 200-day moving average is $111.4. The company has a market cap of $52.221 billion and a price-to-earnings ratio of 32.94.
Baidu.com (NASDAQ:BIDU) last posted its quarterly 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 $4.99 EPS for the current fiscal year.
A number of other firms have also recently commented on BIDU. Analysts at Bank of America Corp. raised their price target on shares of Baidu.com from $158.00 to $177.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Baidu.com in a research note to investors on Thursday, September 26th. They set an “outperform” rating and a $180.00 price target on the stock. Finally, analysts at Pacific Crest raised their price target on shares of Baidu.com 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the company’s stock. Baidu.com presently has an average rating of “Buy” and a consensus target price of $145.31.
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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