Baidu, Inc. (NASDAQ:BIDU – Get Free Report) has earned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $135.13.
BIDU has been the subject of several research reports. Macquarie downgraded Baidu from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 17th. Citigroup cut their price target on Baidu from $170.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Morgan Stanley downgraded Baidu from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $140.00 to $125.00 in a research note on Friday, May 17th. Loop Capital cut their price target on Baidu from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Finally, Sanford C. Bernstein downgraded Baidu from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $130.00 to $97.00 in a research note on Friday, August 23rd.
Read Our Latest Research Report on Baidu
Institutional Trading of Baidu
Baidu Price Performance
Shares of NASDAQ BIDU opened at $81.01 on Friday. The firm has a market capitalization of $28.41 billion, a P/E ratio of 10.84 and a beta of 0.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.32 and a current ratio of 2.32. Baidu has a one year low of $79.68 and a one year high of $140.93. The company’s fifty day moving average is $87.89 and its two-hundred day moving average is $96.68.
About Baidu
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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