Baidu.com Sets New 1-Year High at $165.39 (BIDU)
Baidu.com (NASDAQ:BIDU) set a new 52-week high during mid-day trading on Friday, AmericanBankingNews.com reports. The stock traded as high as $165.39 and last traded at $165.06, with a volume of 5,947,080 shares. The stock had previously closed at $153.83.
BIDU has been the subject of a number of recent research reports. Analysts at Citigroup Inc. set a $175.00 price target on shares of Baidu.com in a research note to investors on Thursday. Separately, analysts at Maxim Group upgraded shares of Baidu.com from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, October 9th. They now have a $95.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Baidu.com in a research note to investors on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Baidu.com has an average rating of “Buy” and an average price target of $144.84.
Baidu.com has a 1-year low of $82.98 and a 1-year high of $161.48. The stock’s 50-day moving average is $147.7 and its 200-day moving average is $114.5. The company has a market cap of $57.800 billion and a price-to-earnings ratio of 32.17.
Baidu.com (NASDAQ:BIDU) last announced its earnings results on Wednesday, July 24th. The company reported $1.26 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.24 earnings per share. Baidu.com’s revenue was up 43.6% compared to the same quarter last year. On average, analysts predict that Baidu.com will post $5.00 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.