Baidu.com (NASDAQ:BIDU)‘s stock had its “buy” rating reaffirmed by stock analysts at TheStreet in a report issued on Monday, AnalystRatings.NET reports.
The analysts wrote, “Baidu (BIDU) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
Baidu.com (NASDAQ:BIDU) opened at 166.80 on Monday. Baidu.com has a 52-week low of $82.98 and a 52-week high of $169.75. The stock has a 50-day moving average of $157. and a 200-day moving average of $129.8. The company has a market cap of $58.370 billion and a price-to-earnings ratio of 34.79.
Baidu.com (NASDAQ:BIDU) last announced its earnings results on Tuesday, October 29th. The company reported $1.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $8.65 by $7.24. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same quarter last year, the company posted $1.37 earnings per share. Baidu.com’s revenue was up 42.3% compared to the same quarter last year. On average, analysts predict that Baidu.com will post $30.56 earnings per share for the current fiscal year.
A number of other firms have also recently commented on BIDU. Analysts at Pacific Crest raised their price target on shares of Baidu.com from $163.00 to $195.00 in a research note to investors on Wednesday, October 30th. They now have an “outperform” rating on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Baidu.com in a research note to investors on Wednesday, October 30th. They now have a $200.00 price target on the stock, up previously from $166.00. Finally, analysts at Jefferies Group upgraded shares of Baidu.com from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, October 30th. They now have a $222.00 price target on the stock, up previously from $153.00. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Baidu.com has an average rating of “Buy” and a consensus price target of $157.51.
Baidu, Inc operates as a Chinese language Internet search provider for web pages, audio files, news, images and multimedia through links provided on their website.
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