Baidu, Inc. (BIDU) Stock Rating Lowered by CICC Research
- Author: Zachary Reyes Feb 24, 2017,
Feb 24, 2017, 6:02
The share price has declined -7.46% from its top level in 52 weeks and dropped 13.14% this year. Vetr's price target would suggest a potential upside of 20.18% from the company's current price. Street analysts are looking for an EPS of 91 cents on revenue of $2.67 billion for the December quarter.
January 17: Morgan Stanley (NYSE:MS) downgraded the stock from Overweight to Equal Weight rating.
American International Group, Inc.
However, Baidu's US -listed shares rose 2.4 percent after the bell on Thursday as the company's adjusted profit came well above analysts' estimate.
Baidu, which has had a near monopoly on China's internet-search traffic since Alphabet Inc.'s Google shifted business to Hong Kong after clashing with the Chinese government over censorship, was ordered to revamp advertising practices following the death of a college student who had cancer and had taken a therapy he found through a sponsored Baidu link. Finally, Brean Capital reissued a "buy" rating and issued a $196.00 target price (down previously from $197.00) on shares of Baidu in a research note on Friday, October 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The Stock Closing Price on the 7th day of earnings was $175.22.
Baidu (NASDAQ:BIDU) opened at 186.01 on Tuesday.
On July 28, 2016, it reported earnings at $1.05 a share compared with the consensus estimate of $0.94 per share (positive surprise of 11.7%). On the 7th day After Earnings Report, the stock hit its share price as $168.57 by showing -3.73% decrease from the Stock price Before Earnings were reported. The 52-week high of the share price is $201 and the company has a market cap of $64,394 million. Artisan Partners Limited Partnership raised its stake in shares of Baidu by 8.0% in the fourth quarter. Wesbanco Bank Inc. now owns 1,245 shares of the company's stock worth $205,000 after buying an additional 10 shares in the last quarter. The company has grown 13.1% in past 3 months and in the last five trades has moved up 1.77%. Signaturefd LLC increased its position in shares of Baidu by 45.0% in the second quarter. The stock has added about 6% since it reported its last earnings.
The weekly performance is 1.90% for Baidu, Inc., while the monthly performance measure stands at 4.76%.
"Integre Asset Management LLC Has $2,014,000 Position in Baidu, Inc". Finally, Emerald Acquisition Ltd. bought a new position in shares of Baidu during the second quarter valued at about $149,605,000. For the quarter ending Jun-17, 9 analysts have a mean sales target of 20,755.80 million whilst for the year ending Dec-17, 24 analysts have a mean target of 85,300.90 million.