Baidu Inc (BIDU) Downgraded by Vetr Inc.
Baidu Inc (NASDAQ:BIDU) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday. They presently have a $196.30 price target on the stock. Vetr‘s price target indicates a potential upside of 11.45% from the company’s previous close.
A number of other research firms also recently weighed in on BIDU. CICC Research downgraded Baidu from a “buy” rating to a “hold” rating and set a $185.00 price target on the stock. in a research report on Tuesday, February 21st. Credit Suisse Group AG restated a “hold” rating and set a $180.00 price target on shares of Baidu in a research report on Wednesday, February 22nd. Sanford C. Bernstein assumed coverage on Baidu in a research report on Wednesday, January 11th. They set an “underperform” rating and a $150.00 price target on the stock. Stifel Nicolaus upgraded Baidu from a “hold” rating to a “buy” rating and raised their price target for the company from $200.00 to $220.00 in a research report on Tuesday, January 10th. Finally, Morgan Stanley downgraded Baidu from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 17th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $188.25.
Shares of Baidu (NASDAQ:BIDU) traded down 0.28% on Monday, hitting $176.13. The stock had a trading volume of 1,829,136 shares. The firm has a market capitalization of $61.16 billion, a price-to-earnings ratio of 38.21 and a beta of 1.90. The firm has a 50 day moving average of $177.44 and a 200-day moving average of $175.21. Baidu has a 1-year low of $155.28 and a 1-year high of $201.00.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/03/20/baidu-inc-bidu-downgraded-by-vetr-inc.html
Your IP Address:
Hedge funds have recently bought and sold shares of the company. Huntington National Bank boosted its stake in Baidu by 38.2% in the second quarter. Huntington National Bank now owns 622 shares of the company’s stock valued at $103,000 after buying an additional 172 shares during the last quarter. Cornerstone Advisors Inc. boosted its stake in Baidu by 1.0% in the third quarter. Cornerstone Advisors Inc. now owns 611 shares of the company’s stock valued at $111,000 after buying an additional 6 shares during the last quarter. Signaturefd LLC boosted its stake in Baidu by 45.0% in the second quarter. Signaturefd LLC now owns 741 shares of the company’s stock valued at $122,000 after buying an additional 230 shares during the last quarter. WealthTrust Arizona LLC boosted its stake in Baidu by 12.1% in the second quarter. WealthTrust Arizona LLC now owns 777 shares of the company’s stock valued at $128,000 after buying an additional 84 shares during the last quarter. Finally, Financial Architects Inc boosted its stake in Baidu by 63.2% in the third quarter. Financial Architects Inc now owns 775 shares of the company’s stock valued at $141,000 after buying an additional 300 shares during the last quarter. 62.63% of the stock is currently owned by institutional investors.
Baidu Company Profile
Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
To view Vetr’s full report, visit Vetr’s official website.
Receive News & Ratings for Baidu Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu Inc and related companies with MarketBeat.com's FREE daily email newsletter.