The stock of Baidu Inc (ADR) (NASDAQ:BIDU) is a huge mover today! About 610,130 shares traded hands. Baidu Inc (ADR) (NASDAQ:BIDU) has declined 12.55% since April 25, 2016 and is downtrending. It has underperformed by 18.56% the S&P500.
The move comes after 6 months positive chart setup for the $58.27B company. It was reported on Nov, 28 by Barchart.com. We have $173.87 PT which if reached, will make NASDAQ:BIDU worth $2.33B more.
Analysts await Baidu Inc (ADR) (NASDAQ:BIDU) to report earnings on February, 23. They expect $0.85 earnings per share, down 92.27% or $10.15 from last year’s $11 per share. BIDU’s profit will be $296.26 million for 49.17 P/E if the $0.85 EPS becomes a reality. After $1.28 actual earnings per share reported by Baidu Inc (ADR) for the previous quarter, Wall Street now forecasts -33.59% negative EPS growth.
Baidu Inc (ADR) (NASDAQ:BIDU) Ratings Coverage
Out of 18 analysts covering Baidu (NASDAQ:BIDU), 6 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 33% are positive. Baidu has been the topic of 29 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Tuesday, July 28 by Credit Agricole. The stock has “Hold” rating given by Deutsche Bank on Wednesday, September 9. The firm has “Neutral” rating given on Monday, June 13 by Citigroup. On Tuesday, October 27 the stock rating was maintained by TH Capital with “Buy”. As per Monday, April 25, the company rating was maintained by Jefferies. On Monday, May 2 the stock rating was maintained by Macquarie Research with “Outperform”. The firm has “Outperform” rating given on Monday, August 3 by Oppenheimer. Credit Suisse maintained the shares of BIDU in a report on Monday, February 22 with “Outperform” rating. Jefferies maintained it with “Buy” rating and $203 target price in Thursday, May 12 report. Credit Suisse initiated Baidu Inc (ADR) (NASDAQ:BIDU) on Wednesday, July 20 with “Outperform” rating.
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 notable recent Baidu Inc (ADR) (NASDAQ:BIDU) news were published by: Fool.com which released: “Better Buy: Facebook Inc vs. Baidu Inc (ADR)” on November 02, 2016, also Profitconfidential.com with their article: “Baidu Inc (ADR): This Will Determine Where BIDU Stock Goes Next” published on October 24, 2016, Fool.com published: “Better Buy: Twitter Inc vs. Baidu Inc (ADR)” on October 17, 2016. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) were released by: Investorplace.com and their article: “Should You Buy Baidu Inc (ADR) (BIDU) Stock? 3 Pros, 3 Cons” published on November 09, 2016 as well as Fool.com‘s news article titled: “Better Buy: Baidu Inc (ADR) vs. Twitter Inc” with publication date: July 12, 2016.
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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