Deutsche Bank Reaffirms “Buy” Rating for Baidu Inc (BIDU)
Several other analysts have also 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. Eighteen equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $235.05.
Baidu Inc (NASDAQ:BIDU) traded up 0.66% during mid-day trading on Wednesday, hitting $226.29. 3,356,647 shares of the company’s stock traded hands. 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 $212. and a 200-day moving average of $178.4. The company has a market cap of $79.339 billion and a P/E ratio of 40.74. Baidu Inc also saw unusually large options trading activity on Tuesday. Stock traders bought 34,724 call options on the company. This represents an increase of approximately 173% compared to the average volume of 12,717 call options.
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. Analysts expect that Baidu Inc will post $36.52 EPS for the current fiscal year.
Baidu, Inc (NASDAQ:BIDU) is a Chinese-language Internet search provider.
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