Baidu Inc (NASDAQ:BIDU) shares traded 1.3% up during most recent session to reach at the closing price of $170.25. The stock exchanged hands 2.4 Million shares versus average trading capacity of 2.84 Million shares, yielding a market cap of $59.93 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $233.34 within the next 52-weeks. The mean target projections are based on 34 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Baidu Inc (NASDAQ:BIDU) high price target of $296.59 and with a conservative view have low price target of $178.31.
Citigroup “Maintained” Baidu Inc (NASDAQ:BIDU) in a research note issued to investors on 1/22/19 to Buy with price target of $205.
Additionally on 1/08/19 Morgan Stanley “Downgrades” Baidu Inc (NASDAQ:BIDU) to Equal-Weight setting price target at $188 and on 11/01/18 Barclays “Maintained” the stock to Equal-Weight at $230. Furthermore on 11/01/18 Nomura “Maintained” the stock to Neutral at $206.
On the other hand the company has Relative Strength Index (RSI 14) of 49.77 along with Average True Range (ATR 14) of 4.91, Consequently Baidu Inc (NASDAQ:BIDU)’s weekly and monthly volatility is 2.25%, 2.62% respectively. The company’s beta value is at 1.52.
In terms of Buy, Sell or Hold recommendations, Baidu Inc (NASDAQ:BIDU) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Baidu Inc (NASDAQ:BIDU)’s minimum EPS for the current quarter is at $1.1 and can go high up to $2.32. The consensus mean EPS for the current quarter is at $1.77 derived from a total of 22 estimates from the analysts who have weighed in on projected earnings. However the company reported $2.15 earnings per share for the same quarter during last year.
Previously Baidu Inc (NASDAQ:BIDU) reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.33. The company posted an earnings surprise of 13.6%.
Baidu Inc (NASDAQ:BIDU)’s revenue estimates for the current quarter are $3.88 Billion according to 21 number of analysts, for the current quarter the company has high revenue estimates of $3.92 Billion in contradiction of low revenue estimates of $3.82 Billion. For the current year the company’s revenue estimates are $14.97 Billion compared to low analyst estimates of $14.91 Billion and high estimates of $15.08 Billion according to 29 number of analysts.
Currently Baidu Inc (NASDAQ:BIDU)’s shares owned by insiders are 15.6%, whereas shares owned by institutional owners are 81.1%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.56%.
Baidu Inc (NASDAQ:BIDU)’s trailing twelve month revenues are $14.63 Billion, whereas its price to sales ratio for the same period is 4.1. Its book value per share for the most recent quarter is $67.88 while its price to book ratio for the same period is 2.51, as for as the company’s cash per share for the most recent quarter is $44.02, however its price to cash per share ratio for the same period is 3.87. The stock has 5 year expected PEG ratio of 5.16 whereas its trailing twelve month P/E ratio is 13.65.