Baidu, Inc. (NASDAQ:BIDU – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $132.13.
BIDU has been the topic of several recent research reports. Benchmark reduced their price target on Baidu from $180.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Bank of America decreased their target price on shares of Baidu from $128.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. Dbs Bank downgraded shares of Baidu from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Citigroup decreased their price objective on shares of Baidu from $170.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Finally, HSBC lowered Baidu from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research report on Tuesday, September 24th.
Read Our Latest Stock Report on Baidu
Institutional Inflows and Outflows
Baidu Trading Up 1.1 %
Shares of BIDU opened at $110.46 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.32 and a quick ratio of 2.32. Baidu has a 12 month low of $79.68 and a 12 month high of $135.85. The stock has a market cap of $38.73 billion, a PE ratio of 14.79 and a beta of 0.49. The stock’s 50-day moving average is $88.84 and its two-hundred day moving average is $95.29.
Baidu Company Profile
Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.
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