Baidu (NASDAQ:BIDU) was downgraded by Nomura to a “neutral” rating in a research note issued on Monday, The Fly reports.
Other analysts have also recently issued reports about the company. UBS Group raised Baidu from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Jefferies Group upped their price objective on Baidu from $232.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Bank of America reaffirmed a “buy” rating and set a $301.00 price objective on shares of Baidu in a report on Sunday, November 19th. Barclays upped their price objective on Baidu from $240.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Zacks Investment Research cut Baidu from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $237.76.
Shares of Baidu (NASDAQ BIDU) traded down $6.51 on Monday, hitting $253.74. The stock had a trading volume of 3,227,214 shares, compared to its average volume of 2,401,132. The stock has a market cap of $90,244.29, a PE ratio of 33.36, a price-to-earnings-growth ratio of 1.80 and a beta of 1.90. Baidu has a twelve month low of $166.00 and a twelve month high of $274.97. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34.
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About Baidu
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.