Baidu Inc (BIDU) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Baidu Inc (NASDAQ:BIDU) have received a consensus rating of “Buy” from the twenty-seven research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $238.13.
Several brokerages have commented on BIDU. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Wells Fargo & Co restated an “outperform” rating and issued a $200.00 price objective (down from $275.00) on shares of Baidu in a report on Monday, January 8th. Zacks Investment Research lowered shares of Baidu from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Bank of America restated a “buy” rating and issued a $301.00 price objective on shares of Baidu in a report on Sunday, November 19th. Finally, Oppenheimer raised their price objective on shares of Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st.
Shares of Baidu (NASDAQ BIDU) traded up $11.09 on Tuesday, reaching $264.13. 1,283,517 shares of the company’s stock traded hands, compared to its average volume of 2,307,833. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. Baidu has a twelve month low of $166.00 and a twelve month high of $274.97. The stock has a market capitalization of $88,210.00, a price-to-earnings ratio of 37.25, a PEG ratio of 1.53 and a beta of 1.89.
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.
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