Baidu (NASDAQ:BIDU) had its target price cut by Mizuho from $215.00 to $205.00 in a research report report published on Tuesday morning, The Fly reports. They currently have a buy rating on the information services provider’s stock.
Other research analysts have also recently issued reports about the stock. Benchmark reiterated a buy rating and issued a $245.00 target price (down from $260.00) on shares of Baidu in a research note on Friday, February 22nd. Citigroup dropped their target price on shares of Baidu from $262.00 to $205.00 and set a buy rating on the stock in a research note on Tuesday, January 22nd. Daiwa Capital Markets set a $215.00 target price on shares of Baidu and gave the company a buy rating in a research note on Friday, March 8th. Credit Suisse Group set a $221.00 target price on shares of Baidu and gave the company a buy rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley cut shares of Baidu from an overweight rating to an equal weight rating and set a $188.00 target price on the stock. in a research note on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Baidu presently has an average rating of Buy and a consensus price target of $235.60.
BIDU traded down $3.81 during midday trading on Tuesday, reaching $154.89. The company had a trading volume of 94,336 shares, compared to its average volume of 3,045,561. 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 stock has a market cap of $55.44 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 5.05 and a beta of 1.44. Baidu has a 12-month low of $153.78 and a 12-month high of $284.22.
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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