Baidu (BIDU) Rating Increased to Buy at ValuEngine
ValuEngine upgraded shares of Baidu (NASDAQ:BIDU) from a hold rating to a buy rating in a research report report published on Thursday.
A number of other brokerages also recently weighed in on BIDU. Zacks Investment Research downgraded shares of Baidu from a buy rating to a hold rating in a research note on Monday, December 18th. Daiwa Capital Markets raised shares of Baidu from a hold rating to an outperform rating in a research note on Wednesday, February 14th. Morgan Stanley raised shares of Baidu from an equal weight rating to an overweight rating and raised their target price for the company from $225.60 to $280.00 in a research note on Wednesday, February 14th. BidaskClub downgraded shares of Baidu from a hold rating to a sell rating in a research note on Saturday, December 30th. Finally, Barclays raised their target price on shares of Baidu from $240.00 to $250.00 and gave the company an equal weight rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Baidu presently has an average rating of Buy and an average target price of $250.01.
Shares of Baidu (BIDU) traded up $0.85 on Thursday, reaching $250.60. 2,430,000 shares of the company were exchanged, compared to its average volume of 3,349,359. The stock has a market capitalization of $86,898.06, a P/E ratio of 31.88, a P/E/G ratio of 1.55 and a beta of 1.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.84 and a quick ratio of 1.71. Baidu has a 1-year low of $166.00 and a 1-year high of $274.97.
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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 ValuEngine’s full report, visit ValuEngine’s official website.
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