Several other brokerages have also recently weighed in on BIDU. Sanford C. Bernstein raised shares of Baidu from a market perform rating to an outperform rating and raised their price target for the company from $118.00 to $139.00 in a research report on Friday, November 8th. Morgan Stanley raised shares of Baidu from an equal weight rating to an overweight rating in a research report on Thursday, November 7th. Nomura dropped their target price on shares of Baidu from $134.00 to $118.00 and set a neutral rating on the stock in a research report on Wednesday, August 21st. Zacks Investment Research raised shares of Baidu from a hold rating to a strong-buy rating and set a $136.00 target price on the stock in a research report on Thursday, November 14th. Finally, Jefferies Financial Group set a $133.00 target price on shares of Baidu and gave the stock a buy rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $146.10.
NASDAQ BIDU traded down $0.83 during trading hours on Monday, hitting $115.69. The company’s stock had a trading volume of 2,574,436 shares, compared to its average volume of 3,768,062. Baidu has a 52 week low of $93.39 and a 52 week high of $196.00. The company has a market capitalization of $40.89 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 15.40 and a beta of 1.72. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.35. The company’s 50-day simple moving average is $107.67 and its two-hundred day simple moving average is $113.35.
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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.
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