Noteworthy Price Action: Baidu Inc (ADR) Rises A lot Today, Is Now One of The Best Performer

Noteworthy Price Action: Baidu Inc (ADR) Rises A lot Today, Is Now One of The Best Performer

The stock of Baidu Inc (ADR) (NASDAQ:BIDU) is a huge mover today! About 1.28M shares traded hands. Baidu Inc (ADR) (NASDAQ:BIDU) has risen 1.85% since March 1, 2016 and is uptrending. It has underperformed by 7.39% the S&P500.
The move comes after 9 months positive chart setup for the $64.64 billion company. It was reported on Oct, 4 by Barchart.com. We have $260.86 PT which if reached, will make NASDAQ:BIDU worth $26.50 billion more.

Analysts await Baidu Inc (ADR) (NASDAQ:BIDU) to report earnings on November, 3. They expect $0.87 EPS, down 30.40% or $0.38 from last year’s $1.25 per share. BIDU’s profit will be $303.97M for 53.16 P/E if the $0.87 EPS becomes a reality. After $1.05 actual EPS reported by Baidu Inc (ADR) for the previous quarter, Wall Street now forecasts -17.14% negative EPS growth.

Baidu Inc (ADR) (NASDAQ:BIDU) Ratings Coverage

Out of 18 analysts covering Baidu (NASDAQ:BIDU), 8 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 44% are positive. Baidu has been the topic of 26 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Monday, May 2 by Macquarie Research. As per Monday, April 25, the company rating was maintained by Jefferies. The stock has “Underperform” rating given by Daiwa Securities on Wednesday, October 7. The rating was maintained by TH Capital on Tuesday, October 27 with “Buy”. The company was downgraded on Tuesday, July 28 by Credit Agricole. The stock of Baidu Inc (ADR) (NASDAQ:BIDU) earned “Outperform” rating by Oppenheimer on Monday, August 3. The rating was downgraded by Summit Research on Wednesday, September 30 to “Hold”. The rating was upgraded by Jefferies on Monday, August 31 to “Buy”. The company was downgraded on Tuesday, July 28 by KeyBanc Capital Markets. The firm earned “Neutral” rating on Monday, June 13 by Citigroup.

According to Zacks Investment Research, “Baidu, Inc., formerly Baidu.com, Inc. is a Chinese-language Internet search provider and is based in Beijing, the People’s 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.”

More recent Baidu Inc (ADR) (NASDAQ:BIDU) news were published by: Fool.com which released: “Better Buy: Baidu Inc. (ADR) vs. Alphabet Inc.” on August 09, 2016. Also Fool.com published the news titled: “Better Buy: Baidu Inc (ADR) vs. Twitter Inc” on July 12, 2016. Investorplace.com‘s news article titled: “Baidu Inc (ADR) (BIDU) Stock Soars on European Expansion” with publication date: September 06, 2016 was also an interesting one.

BIDU Company Profile

Baidu, Inc., incorporated on January 18, 2000, is a Chinese language Internet search provider. The Firm offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers. The Company’s business consists of three divisions: search services, transaction services and iQiyi. Search services are keyword marketing services targeted at and triggered by Internet users’ search queries, which mainly include its pay-for-performance (P4P) services and other online marketing services. The Company’s transaction services include Baidu Nuomi, Baidu Takeout Delivery, Baidu Maps, Baidu Connect, Baidu Wallet and others. iQiyi is an online video platform with a content library that includes licensed movies, television series, cartoons, variety shows and other programs.

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