Baidu (NASDAQ:BIDU) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.
BIDU has been the subject of several other reports. OTR Global raised Baidu to a “positive” rating in a research note on Wednesday, October 25th. Barclays set a $250.00 price objective on Baidu and gave the company a “hold” rating in a research note on Thursday, October 19th. Jefferies Group increased their price objective on Baidu from $232.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, October 20th. Bank of America reaffirmed a “buy” rating and issued a $301.00 target price on shares of Baidu in a research note on Sunday, November 19th. Finally, Zacks Investment Research downgraded Baidu from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $239.75.
Baidu (NASDAQ BIDU) opened at $215.67 on Friday. Baidu has a 52 week low of $166.00 and a 52 week 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. The company has a market capitalization of $74,785.73, a price-to-earnings ratio of 28.38, a P/E/G ratio of 1.50 and a beta of 1.86.
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.
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