Baidu (NASDAQ:BIDU)‘s stock had its “outperform” rating reiterated by equities researchers at Wells Fargo & Co in a research report issued to clients and investors on Wednesday, The Fly reports. They currently have a $300.00 target price on the information services provider’s stock, up from their previous target price of $290.00. Wells Fargo & Co’s price target indicates a potential upside of 27.18% from the company’s current price.
Several other research analysts have also issued reports on BIDU. BidaskClub lowered shares of Baidu from a “sell” rating to a “strong sell” rating in a research note on Friday, February 9th. Barclays set a $250.00 target price on shares of Baidu and gave the stock a “hold” rating in a research note on Thursday, October 19th. Oppenheimer raised their price objective on shares of Baidu from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. OTR Global lowered shares of Baidu to a “positive” rating in a research note on Monday, February 5th. Finally, Jefferies Group lowered shares of Baidu from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $246.76.
Shares of Baidu (BIDU) traded up $10.29 during midday trading on Wednesday, reaching $235.89. 7,946,000 shares of the company traded hands, compared to its average volume of 3,159,665. The company has a market capitalization of $85,730.00, a price-to-earnings ratio of 29.57, a PEG ratio of 1.57 and a beta of 1.86. Baidu has a fifty-two week low of $166.00 and a fifty-two week high of $274.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71.
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.
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