Baidu (NASDAQ:BIDU) – Stock analysts at KeyCorp issued their Q1 2018 earnings estimates for shares of Baidu in a research note issued on Thursday, April 5th. KeyCorp analyst H. Chung expects that the information services provider will post earnings of $1.29 per share for the quarter. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Baidu’s Q2 2018 earnings at $1.85 EPS, Q3 2018 earnings at $1.99 EPS, Q4 2018 earnings at $2.04 EPS, FY2018 earnings at $7.17 EPS, Q1 2019 earnings at $1.48 EPS, Q2 2019 earnings at $2.24 EPS, Q3 2019 earnings at $2.61 EPS, Q4 2019 earnings at $2.77 EPS and FY2019 earnings at $9.10 EPS.
A number of other equities analysts also recently weighed in on the stock. BidaskClub downgraded shares of Baidu from a “hold” rating to a “sell” rating in a research note on Friday, March 30th. Deutsche Bank began coverage on shares of Baidu in a report on Thursday, March 15th. They set a “buy” rating and a $319.00 price target on the stock. ValuEngine upgraded shares of Baidu from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded shares of Baidu from a “strong sell” rating to a “hold” rating in a report on Friday, February 16th. Finally, Morgan Stanley upgraded shares of Baidu from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $225.60 to $280.00 in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $256.22.
Shares of NASDAQ BIDU opened at $224.33 on Monday. Baidu has a fifty-two week low of $172.07 and a fifty-two week high of $274.97. The company has a market cap of $76,224.79, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.40 and a beta of 1.88. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.30.
A number of hedge funds have recently modified their holdings of BIDU. Trustcore Financial Services LLC purchased a new stake in Baidu in the fourth quarter worth approximately $109,000. Whittier Trust Co. boosted its holdings in Baidu by 88.5% in the fourth quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock worth $115,000 after purchasing an additional 230 shares during the last quarter. We Are One Seven LLC purchased a new stake in Baidu in the fourth quarter worth approximately $135,000. Virtue Capital Management LLC purchased a new stake in Baidu in the fourth quarter worth approximately $155,000. Finally, Calton & Associates Inc. purchased a new stake in Baidu in the fourth quarter worth approximately $182,000. Institutional investors own 63.16% of the company’s stock.
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Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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