Baidu Inc Earns Positive Rating from Morgan Stanley (BIDU)
The analysts wrote, “Baidu highlighted its new mobile initiatives including Baidu Connect, rich media search, and the development of artificial intelligence. While Baidu will continue to invest aggressively in the near-term, we expect improving mobile monetization should bring operating leverage. Reiterate OW.”
A number of other firms have also recently commented on BIDU. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Baidu Inc in a research note on Wednesday. Separately, 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. Finally, 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. Eighteen equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus target price of $234.77.
Baidu Inc (NASDAQ:BIDU) opened at 227.45 on Thursday. Baidu Inc has a 1-year low of $132.31 and a 1-year high of $231.40. The stock’s 50-day moving average is $213.5 and its 200-day moving average is $178.8. The company has a market cap of $79.746 billion and a price-to-earnings ratio of 41.17. Baidu Inc also was the recipient of some unusual options trading on Tuesday. Stock traders bought 34,724 call options on the stock. 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 $36.62 EPS for the current fiscal year.
Baidu, Inc (NASDAQ:BIDU) is a Chinese-language Internet search provider.
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