Reaffirmed: Baidu (NASDAQ:BIDU) Equal-Weight Rating Reaffirmed at Barclays; $260 Target in Place

April 17, 2018 - By Christine McCrea

Baidu, Inc. (NASDAQ:BIDU) Logo

Baidu (NASDAQ:BIDU) Rating Reaffirmed

In analysts report issued to clients and investors on Monday, 16 April, The Equal-Weight rating of Baidu (NASDAQ:BIDU) shares was maintained at Barclays, who now has a $260 price target on the stock. Barclays’s price target would suggest a possible upside of 11.03 % from the last price of the company.

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. JP Morgan maintained the stock with “Neutral” rating in Monday, October 30 report. On Thursday, February 15 the stock rating was upgraded by Morgan Stanley to “Overweight”. The firm has “Outperform” rating by Oppenheimer given on Tuesday, October 31. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Hold” rating by Nomura on Monday, January 29. The rating was maintained by Jefferies on Friday, October 20 with “Buy”. The firm has “Hold” rating by Jefferies given on Wednesday, February 14. The firm earned “Buy” rating on Friday, October 27 by Jefferies. The stock of Baidu, Inc. (NASDAQ:BIDU) earned “Equal-Weight” rating by Barclays Capital on Monday, October 30. Jefferies downgraded Baidu, Inc. (NASDAQ:BIDU) on Tuesday, January 23 to “Hold” rating. On Monday, April 16 the stock rating was maintained by Barclays Capital with “Equal-Weight”.

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 earnings per share, up 101.52 % or $0.67 from last year’s $0.66 per share. BIDU’s profit will be $463.06M for 44.02 P/E if the $1.33 EPS becomes a reality. After $1.90 actual earnings per share 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 Baidu.com 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 Nuomi.com to connect online and offline services provided by third-parties.

Baidu, Inc. (NASDAQ:BIDU) Ratings Chart

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