UBS Group began coverage on shares of Baidu (NASDAQ:BIDU – Get Rating) in a research report sent to investors on Friday, The Fly reports. The brokerage issued a buy rating on the information services provider’s stock.
A number of other brokerages have also weighed in on BIDU. JPMorgan Chase & Co. raised Baidu from a neutral rating to an overweight rating and lifted their target price for the company from $160.00 to $200.00 in a research report on Wednesday, August 31st. Citigroup decreased their target price on Baidu from $223.00 to $204.00 and set a buy rating for the company in a research report on Wednesday, August 31st. Daiwa Capital Markets cut their price target on Baidu from $215.00 to $210.00 in a report on Tuesday, July 19th. Susquehanna Bancshares cut their price target on Baidu from $200.00 to $195.00 and set a positive rating on the stock in a report on Monday, September 12th. Finally, Barclays cut their price target on Baidu from $243.00 to $235.00 and set an overweight rating on the stock in a report on Friday, May 27th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Baidu has an average rating of Moderate Buy and a consensus target price of $217.87.
Baidu Trading Down 2.8 %
Shares of NASDAQ BIDU opened at $123.69 on Friday. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $138.83 and a two-hundred day simple moving average of $137.10. The firm has a market cap of $42.74 billion, a PE ratio of -21.59, a price-to-earnings-growth ratio of 0.97 and a beta of 0.66. Baidu has a twelve month low of $101.62 and a twelve month high of $182.60.
Institutional Trading of Baidu
Baidu Company Profile
Baidu, Inc offers internet search services in China. It operates through Baidu Core and iQIYI segments. 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; and Haokan, a short video app.
- Get a free copy of the StockNews.com research report on Baidu (BIDU)
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