Baidu Inc Given Consensus Rating of “Buy” by Brokerages (NASDAQ:BIDU)
Shares of Baidu Inc (NASDAQ:BIDU) have earned an average rating of “Buy” from the twenty-one brokerages that are covering the company, StockRatingsNetwork reports. Eighteen research analysts have rated the stock with a buy rating, The average 12-month target price among brokerages that have covered the stock in the last year is $235.64.
Shares of Baidu Inc (NASDAQ:BIDU) opened at 215.46 on Thursday. Baidu Inc has a 1-year low of $132.31 and a 1-year high of $229.60. The stock’s 50-day moving average is $209.0 and its 200-day moving average is $177.. The company has a market cap of $75.542 billion and a price-to-earnings ratio of 39.09.
Baidu Inc (NASDAQ:BIDU) last released its earnings data 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. On average, analysts predict that Baidu Inc will post $36.55 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Baidu Inc from a “neutral” rating to an “outperform” rating in a research note on Monday, August 18th. They now have a $227.50 price target on the stock. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Baidu Inc in a research note on Monday, July 28th. They now have a $280.00 price target on the stock, up previously from $250.00. Finally, analysts at BNP Paribas upgraded shares of Baidu Inc from a “reduce” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $260.00 price target on the stock.
Baidu, Inc (NASDAQ:BIDU) is a Chinese-language Internet search provider.
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