Baidu (NASDAQ:BIDU) had its target price lowered by Benchmark from $300.00 to $260.00 in a research report report published on Wednesday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the information services provider’s stock.
Several other research analysts have also issued reports on the company. Credit Suisse Group raised Baidu from a neutral rating to an outperform rating and set a $307.00 target price for the company in a research report on Monday, July 9th. Susquehanna Bancshares initiated coverage on Baidu in a research report on Friday, September 7th. They issued a positive rating and a $325.00 target price for the company. BidaskClub lowered Baidu from a sell rating to a strong sell rating in a research report on Friday, August 31st. ValuEngine lowered Baidu from a hold rating to a sell rating in a research report on Thursday, September 6th. Finally, Citigroup decreased their target price on Baidu from $295.00 to $265.00 and set an outperform rating for the company in a research report on Friday, October 12th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $278.86.
Shares of NASDAQ:BIDU opened at $194.69 on Wednesday. Baidu has a 52-week low of $177.80 and a 52-week high of $284.22. The company has a market capitalization of $67.51 billion, a PE ratio of 24.16, a PEG ratio of 1.09 and a beta of 1.61. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.19 and a quick ratio of 2.19.
Baidu Company Profile
Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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