Rating agency TheStreet Ratings, the subsidiary of the U.S. leading financial website TheStreet, published a research report on Friday, rating Baidu (BIDU) stock as “Buy.”
As of Friday’s market closing bell, BIDU stock price surged 5.86%, or $6.36, to $114.98 per share.The report pointed out that BIDU stock trades at 34.30 times earnings, well below the Internet industry average of 46 times, but higher than 17.7 times of the S&P 500 index.
16 analysts currently have rated BIDU stock, 14 of which gave a rating of “Buy” and 2 of which gave a rate of “Hold”.
TheStreet Ratings pointed out Baidu has strong performance in multiple areas, such as strong revenue growth, a solid financial position, reasonable debt level, notable return on equity, impressive earnings per share growth, and net profit growth.
Over the past 52 weeks, BIDU stock price fluctuated between $100.95 and $165.96 and the current stock price is below the 50-day moving average of $122.3 and the 200-day moving average of $129.58. Baidu has a market cap of $40.14 billion now.