Key Equity Analysts at Barclays Didn’t Change their ‘”Equal-Weight”’ rating for Baidu (NASDAQ:BIDU) Shares Today. Their Price Objective is Set to $260

April 17, 2018 - By Ellis Scott

Baidu, Inc. (NASDAQ:BIDU) Logo

Baidu (NASDAQ:BIDU) Rating Reaffirmed

New York: In a research note revealed to clients on 16 April, Barclays reconfirmed their “Equal-Weight” rating on Baidu (NASDAQ:BIDU) shares. They now have a $260 PT on the company. Barclays’s target indicates a potential upside of 11.03 % from the company’s last price.

Baidu, Inc. (NASDAQ:BIDU) Ratings Coverage

Among 10 analysts covering Baidu (NASDAQ:BIDU), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Baidu has $319 highest and $200.0 lowest target. $263’s average target is 12.31% above currents $234.18 stock price. Baidu had 17 analyst reports since October 19, 2017 according to SRatingsIntel. The company was maintained on Wednesday, February 14 by Jefferies. The rating was downgraded by Nomura to “Hold” on Monday, January 29. The firm has “Outperform” rating given on Tuesday, October 31 by Oppenheimer. On Tuesday, January 23 the stock rating was downgraded by Jefferies to “Hold”. The rating was upgraded by Daiwa Securities on Monday, April 9 to “Buy”. The company was maintained on Monday, January 8 by Wells Fargo. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Equal-Weight” rating by Barclays Capital on Monday, April 16. On Friday, October 27 the stock rating was maintained by Jefferies with “Buy”. The stock has “Overweight” rating by Morgan Stanley on Thursday, February 15. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, October 30 report.

The stock increased 1.86% or $4.29 during the last trading session, reaching $234.18. About 1.12 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 36.72% since April 17, 2017 and is uptrending. It has outperformed by 25.17% the S&P500.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on April, 26. They expect $1.33 EPS, up 101.52 % or $0.67 from last year’s $0.66 per share. BIDU’s profit will be $463.06 million for 44.02 P/E if the $1.33 EPS becomes a reality. After $1.90 actual EPS reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -30.00 % negative EPS growth.

Baidu, Inc. provides Internet search services in China and internationally. The company has market cap of $81.53 billion. It operates through three divisions: Search Services, Transaction Services, and IQiyi. It has a 28.16 P/E ratio. It offers Chinese language search platform on its Website that enables users to find relevant information online, including Web pages, news, images, documents, and multimedia files through links provided on its Website; and transaction platform, including to connect online and offline services provided by third-parties.

Baidu, Inc. (NASDAQ:BIDU) Ratings Chart

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