Baidu Inc Receives Average Rating of “Buy” from Brokerages (NASDAQ:BIDU)
Shares of Baidu Inc (NASDAQ:BIDU) have received an average recommendation of “Buy” from the twenty brokerages that are covering the company, StockRatingsNetwork.com reports. Seventeen analysts have rated the stock with a buy rating, The average 1-year target price among analysts that have issued a report on the stock in the last year is $235.64.
Shares of Baidu Inc (NASDAQ:BIDU) opened at 214.52 on Thursday. Baidu Inc has a 52-week low of $132.31 and a 52-week high of $229.60. The stock has a 50-day moving average of $210. and a 200-day moving average of $177.. The company has a market cap of $75.213 billion and a P/E ratio of 38.72.
Baidu Inc (NASDAQ:BIDU) last announced its earnings results on Thursday, July 24th. The company reported $1.73 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.22 earnings per share. The company’s quarterly revenue was up 58.5% on a year-over-year basis. On average, analysts predict that Baidu Inc will post $36.52 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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