Impact of Brokerage Rating on Baidu, Inc.(BIDU)

Many Baidu, Inc.(BIDU) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Baidu Inc (ADR) was Downgraded by Morgan Stanley to Equal-Weight on Jan 17, 2017. Baidu Inc (ADR) was Initiated by Bernstein on Jan 11, 2017 to Underperform, Price Target of the shares are set at $150.Company shares were Upgraded by Stifel on Jan 10, 2017 to Buy, Raises Price Target to $ 220 from a previous price target of $200 .Baidu Inc (ADR) was Upgraded by JP Morgan to Neutral on Jan 9, 2017. Baidu Inc (ADR) was Initiated by Cantor Fitzgerald on Dec 19, 2016 to Underweight, Price Target of the shares are set at $126.

Baidu Inc (ADR) Last issued its quarterly earnings results on Oct 27, 2016. The company reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.39. Analyst had a consensus of $1.10. The company had revenue of $2737.00 million for the quarter, compared to analysts expectations of $2742.71 million. During the same quarter in the previous year, the company posted $1.43 EPS.

Baidu, Inc. (NASDAQ:BIDU) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 2.4 by 10 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 5 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Baidu, Inc. (NASDAQ:BIDU) shares are expected to touch $186 in the short term. This short term price target has been shared by 10 analysts. However, the standard deviation of short term price estimate has been valued at 26.82. The target price could hit $220 on the higher end and $126 on the lower end.

Baidu, Inc. (NASDAQ:BIDU) witnessed a decline in the market cap on Tuesday as its shares dropped 0.84% or 1.54 points. After the session commenced at $184.01, the stock reached the higher end at $185.66 while it hit a low of $182.28. With the volume soaring to 1,932,010 shares, the last trade was called at $182.77. The company has a 52-week high of $201. The company has a market cap of $63,405 million and there are 346,910,680 shares in outstanding. The 52-week low of the share price is $152.73.

Baidu, Inc., formerly Baidu.com, Inc. is a Chinese-language Internet search provider and is based in Beijing, the Peoples Republic of China.The company offers a Chinese language search platform and conducts its operations principally through Baidu Online Network Technology Co., Ltd. , a network of third-party Web sites and software applications. Further, the company offers Japanese search services, including Web search, image search, video search, and blog search capabilities. It also offers online marketing services to its customers directly and through other distribution networks.

Baidu,

For any feedback and suggestions contact author at Jace.Angione@thefoundersdaily.com

Add Comment