Baidu Inc Receives “Buy” Rating from Stifel Nicolaus (BIDU)
Baidu Inc (NASDAQ:BIDU)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research note issued on Friday. They currently have a $250.00 target price on the stock, up from their previous target price of $215.00. Stifel Nicolaus’ target price suggests a potential upside of 10.38% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Baidu Inc in a research note on Friday. They now have a $260.00 price target on the stock, up previously from $222.00. Separately, analysts at Citigroup Inc. initiated coverage on shares of Baidu Inc in a research note on Friday. They set a “buy” rating and a $245.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Baidu Inc to $245.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $213.49.
Shares of Baidu Inc (NASDAQ:BIDU) traded up 10.88% on Friday, hitting $226.50. 12,595,064 shares of the company’s stock traded hands. Baidu Inc has a one year low of $124.27 and a one year high of $205.50. The stock’s 50-day moving average is $183.9 and its 200-day moving average is $168.. The company has a market cap of $79.367 billion and a price-to-earnings ratio of 40.43. Baidu Inc also was the target of some unusual options trading activity on Friday. Investors purchased 83,663 call options on the company. This represents an increase of approximately 436% compared to the average daily volume of 15,598 call options.
Baidu Inc (NASDAQ:BIDU) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.15 by $6.42. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $11.95 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was up 58.5% on a year-over-year basis. Analysts expect that Baidu Inc will post $33.47 EPS for the current fiscal year.
Baidu, Inc (NASDAQ:BIDU) is a Chinese-language Internet search provider.
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.