Baidu.com Rating Increased to Outperform at Zacks (BIDU)
Baidu.com (NASDAQ:BIDU) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, Stock Ratings Network reports. The firm currently has a $182.80 price target on the stock. Zacks‘ price objective would indicate a potential upside of 1.75% from the company’s current price.
Shares of Baidu.com (NASDAQ:BIDU) traded down 4.82% on Monday, hitting $171.00. The stock had a trading volume of 4,438,947 shares. Baidu.com has a one year low of $82.98 and a one year high of $185.50. The stock’s 50-day moving average is $171. and its 200-day moving average is $145.. The company has a market cap of $59.840 billion and a P/E ratio of 37.52.
Baidu.com (NASDAQ:BIDU) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $8.65 by $7.24. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The company’s quarterly revenue was up 42.3% on a year-over-year basis. Analysts expect that Baidu.com will post $30.44 EPS for the current fiscal year.
BIDU has been the subject of a number of other recent research reports. Analysts at UBS AG initiated coverage on shares of Baidu.com in a research note to investors on Monday. They set a “neutral” rating on the stock. Separately, analysts at Maxim Group upgraded shares of Baidu.com from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $200.00 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 Monday, December 2nd. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $165.66.
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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