Several other equities analysts have also recently weighed in on the company. TheStreet cut Baidu from a “b-” rating to a “c+” rating in a research report on Friday, December 21st. Daiwa Capital Markets set a $215.00 price target on Baidu and gave the company a “buy” rating in a research report on Friday, March 8th. Zacks Investment Research upgraded Baidu from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Morgan Stanley cut Baidu from an “overweight” rating to an “equal weight” rating and set a $188.00 price target for the company. in a research report on Tuesday, January 8th. Finally, KeyCorp set a $236.00 price target on Baidu and gave the company a “positive” rating in a research report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $245.56.
Shares of BIDU stock traded down $1.81 during trading hours on Thursday, reaching $166.12. The company had a trading volume of 3,697,446 shares, compared to its average volume of 3,054,105. Baidu has a 12 month low of $153.78 and a 12 month high of $284.22. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $58.66 billion, a PE ratio of 21.34, a P/E/G ratio of 3.96 and a beta of 1.47.
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.
Featured Story: Why do earnings reports matter?
Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.