Baidu Inc Upgraded to “Buy” by CICC (BIDU)
Other equities research analysts have also recently issued reports about the stock. Analysts at Morgan Stanley upgraded shares of Baidu Inc from an “equal weight” rating to an “overweight” rating in a research note on Monday. They now have a $239.30 price target on the stock, up previously from $196.30. Separately, analysts at Zacks upgraded shares of Baidu Inc from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. They now have a $156.10 price target on the stock. Finally, analysts at Brean Capital raised their price target on shares of Baidu Inc from $200.00 to $220.00 in a research note on Friday, April 25th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $199.08.
Shares of Baidu Inc (NASDAQ:BIDU) traded up 0.89% during mid-day trading on Tuesday, hitting $199.4718. The stock had a trading volume of 1,642,147 shares. Baidu Inc has a 52-week low of $108.47 and a 52-week high of $199.09. The stock’s 50-day moving average is $180.8 and its 200-day moving average is $167.7. The company has a market cap of $69.896 billion and a price-to-earnings ratio of 39.11.
Baidu Inc (NASDAQ:BIDU) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.99 by $0.25. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $9.54 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 59.0% on a year-over-year basis. On average, analysts predict that Baidu Inc will post $33.18 earnings per share for the current fiscal year.
Baidu, Inc (NASDAQ:BIDU) is a Chinese-language Internet search provider.
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