Q4 2017 EPS Estimates for Baidu Inc (BIDU) Increased by Oppenheimer

Baidu Inc (NASDAQ:BIDU) – Stock analysts at Oppenheimer upped their Q4 2017 earnings per share (EPS) estimates for Baidu in a report released on Wednesday. Oppenheimer analyst J. Helfstein now expects that the information services provider will post earnings of $1.66 per share for the quarter, up from their prior forecast of $1.52. Oppenheimer currently has a “Outperform” rating and a $295.00 target price on the stock. Oppenheimer also issued estimates for Baidu’s FY2018 earnings at $6.84 EPS, FY2019 earnings at $9.94 EPS and FY2020 earnings at $10.70 EPS.

BIDU has been the subject of several other research reports. OTR Global upgraded shares of Baidu to a “positive” rating in a report on Wednesday, October 25th. Barclays set a $250.00 price objective on shares of Baidu and gave the stock a “hold” rating in a report on Thursday, October 19th. Vetr upgraded shares of Baidu from a “sell” rating to a “strong-buy” rating and set a $265.83 price objective for the company in a report on Wednesday, September 6th. Jefferies Group upped their price objective on shares of Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Bank of America reiterated a “buy” rating and issued a $301.00 price target on shares of Baidu in a research note on Sunday, November 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. Baidu has a consensus rating of “Buy” and an average target price of $238.19.

Shares of Baidu (BIDU) opened at $233.48 on Monday. The firm has a market cap of $80,961.52, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 1.38 and a beta of 1.89. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34. Baidu has a 12-month low of $162.02 and a 12-month high of $274.97.

Several hedge funds and other institutional investors have recently made changes to their positions in BIDU. Schwab Charles Investment Management Inc. boosted its holdings in shares of Baidu by 17.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 11,626 shares of the information services provider’s stock worth $2,006,000 after buying an additional 1,747 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Baidu by 13.1% in the second quarter. Bank of New York Mellon Corp now owns 1,263,854 shares of the information services provider’s stock worth $226,052,000 after buying an additional 146,629 shares during the last quarter. Comerica Bank boosted its holdings in shares of Baidu by 2.2% in the second quarter. Comerica Bank now owns 20,399 shares of the information services provider’s stock worth $4,052,000 after buying an additional 435 shares during the last quarter. BB&T Securities LLC boosted its holdings in shares of Baidu by 11.5% in the second quarter. BB&T Securities LLC now owns 28,439 shares of the information services provider’s stock worth $5,086,000 after buying an additional 2,941 shares during the last quarter. Finally, Boston Private Wealth LLC boosted its holdings in shares of Baidu by 34.8% in the second quarter. Boston Private Wealth LLC now owns 2,720 shares of the information services provider’s stock worth $486,000 after buying an additional 702 shares during the last quarter. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

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Baidu Company Profile

Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.

Earnings History and Estimates for Baidu (NASDAQ:BIDU)

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