Baidu Inc (ADR) (BIDU) was Resumed by JP Morgan to “Underweight” and the brokerage firm has set the Price Target at $164. JP Morgan advised their investors in a research report released on Aug 31, 2016.
Many Wall Street Analysts have commented on Baidu Inc (ADR). Baidu Inc (ADR) was Downgraded by T.H. Capital to ” Hold” on Jul 29, 2016. Baidu Inc (ADR) was Resumed by Credit Suisse to “Outperform” on Jul 21, 2016. Shares were Reiterated by Nomura on Jul 7, 2016 to “Neutral” and Lowered the Price Target to $ 160 from a previous price target of $187 .
On the company’s financial health, Baidu Inc (ADR) reported $1.22 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $1.22. The company had revenue of $2748.00 million for the quarter, compared to analysts expectations of $2736.02 million. During the same quarter in the previous year, the company posted $1.81 EPS.
Baidu Inc (ADR) opened for trading at $173.89 and hit $173.9 on the upside on Monday, eventually ending the session at $173.65, with a gain of 0.10% or 0.18 points. The heightened volatility saw the trading volume jump to 16,55,241 shares. Company has a market cap of $60,187 M.
Baidu Inc. (Baidu) is a Chinese-language Internet search provider (ISP). Baidu serves three types of online participants which include users customers and Baidu Union Members. The Company offers a Chinese-language search platform on its Website Baidu.com. It provides Chinese-language Internet search services to enable users to find relevant information online including Web pages news images documents and multimedia files through links provided on its Websites. It designs and delivers its online marketing services primarily on its Baidu.com Website to its online marketing customers. As of December 31 2014 the Company had approximately 813000 active online marketing customers. Its online marketing customers consist of small and medium enterprises (SMEs) throughout China domestic companies and Chinese divisions or subsidiaries of multinational companies.