BNP Paribas Downgrades Baidu to Reduce (BIDU)
Baidu (NASDAQ:BIDU) was downgraded by equities researchers at BNP Paribas to a “reduce” rating in a research report issued on Friday, Analyst Ratings Network reports.
A number of other firms have also recently commented on BIDU. Analysts at Deutsche Bank cut their price target on shares of Baidu from $179.00 to $178.00 in a research note on Thursday. Separately, analysts at Piper Jaffray raised their price target on shares of Baidu from $190.00 to $206.00 in a research note on Thursday. Finally, analysts at Goldman Sachs cut their price target on shares of Baidu from $220.00 to $215.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $195.84.
Shares of Baidu (NASDAQ:BIDU) opened at 178.92 on Friday. Baidu has a one year low of $82.98 and a one year high of $185.50. The stock’s 50-day moving average is $167.0 and its 200-day moving average is $158.4. The company has a market cap of $62.611 billion and a P/E ratio of 36.11. Baidu also saw unusually large options trading activity on Wednesday. Stock investors acquired 58,679 call options on the stock. This is an increase of approximately 255% compared to the average daily volume of 16,533 call options.
Baidu (NASDAQ:BIDU) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $8.21 by $6.82. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 54.7% on a year-over-year basis. On average, analysts predict that Baidu will post $39.64 earnings per share for the current fiscal year.
Baidu, Inc (NASDAQ:BIDU) is a Chinese-language Internet search provider.
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