Barclays Initiates Coverage On Baidu Inc (ADR) to Equal-Weight with Price Target $195

Barclays Initiates Coverage On Baidu Inc (ADR)(BIDU). In a research note issued to the investors, the brokerage major Announces the price-target to $195 per share. The shares have been rated Equal-Weight. The rating by the stock financial advisor at Barclays was issued on Mar 28, 2017 in a research report to their Investors and Clients.

In a different note, Bernstein said it Initiates Coverage On Baidu Inc (ADR), according to a research note issued on Jan 11, 2017. In the research note, the firm Announces the price-target to $150 per share. The shares have been rated ‘Underperform’ by the firm. On Jan 9, 2017, JP Morgan said it Upgrades its rating on Baidu Inc (ADR). According to the research note, JP Morgan Raises the price target to $190 per share from a prior target of $159. The shares have been rated ‘Neutral’ by the firm.

Baidu Inc (ADR) (BIDU) shares turned negative on Fridays trading session with the shares closing down -1.35 points or -0.80% at a volume of 21,57,618. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $170.47. The peak price level was also seen at $170.47 while the days lowest was $167.85. Finally the shares closed at $168.26. The 52-week high of the shares is $201 while the 52-week low is $155.28. According to the latest information available, the market cap of the company is $58,371 M.

Baidu Inc (ADR)(BIDU) last announced its earnings results on Feb 23, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $2.623B. Analysts had an estimated revenue of $2.660B. Earnings per share were $1.2. Analysts had estimated an EPS of $0.86.

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.

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