Consensus Price Target Updates for Baidu, Inc. (NASDAQ:BIDU), Barrick Gold Corporation (NYSE:ABX)

May 30, 2017

In the most recent session, Baidu, Inc. (NASDAQ:BIDU) shares have traded +0.3727%. Following the stock price relative to moving averages may offer enhanced perspective on stock performance. After a recent review, the stock has been noted $9.1356 away from the 50-day moving average of $181.9640 and $16.3856 away from the 200-day moving average of $174.7140. From a different angle, the stock has been recently recorded -3.3875% off of the 52-week high of 197.8000 and +23.0677% removed from the 52-week low of 155.2800. 

Currently, Baidu, Inc. has a price to earnings ratio of 42.3630. Analysts and investors may also opt to evaluate a company's PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio below one, it may be viewed as undervalued. If a company has a PEG Ratio above one, it may show that the company is overvalued. A PEG Ratio near one may be viewed as fair value. The stock currently has a PEG Ratio of 73.6400.

Price Target Update

Analysts polled by Thomson Reuters have set a consensus target price of $196.2600 on shares. Target prices may vary from one analyst to another due to the various ways they may proceed to calculate future price targets. This is a near-term estimation for the next 12-18 months.

Barrick Gold Corporation (NYSE:ABX) shares have a current ABR (average broker recommendation) of N/A. This recommendation is offered by Zacks Research. The rating lands on a sliding numerical scale from 1 to 5. A recommendation of 5 would indicate a Strong Sell, and a 1 would signify a Strong Buy. The mean rating may help provide a general sense of analyst sentiment on company shares.

Sell-side analysts taken into consideration by Zacks have also provided price target estimates on shares of Barrick Gold Corporation (NYSE:ABX). The highest current target is $N/A. The lowest price target out of the polled analysts is presently $N/A. The consensus target price is currently noted at $N/A. Analysts may employ various techniques to help predict future stock price levels.

On the earnings front, Barrick Gold Corporation (NYSE:ABX) is expected to post quarterly earnings per share of $N/A. This is the current consensus figure provided by Zacks. Investors and analysts will be looking for the company to next post earnings on or around N/A. Barrick Gold Corporation (NYSE:ABX) most recently reported quarterly EPS of $N/A for the quarter ending N/A. The gap between the actual and the projected estimate leading up to earnings created a surprise factor of N/A%.

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By DR Staff Writer

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