Baidu (BIDU) Receiving Somewhat Favorable Press Coverage, Analysis Finds
Media headlines about Baidu (NASDAQ:BIDU) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Baidu earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the information services provider an impact score of 45.3186011669183 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Alibaba, Baidu, JD.com: Moody’s Wary on Finance Operations (finance.yahoo.com)
- China’s Economy Just Gets More and More Interesting (finance.yahoo.com)
- Baidu Inc (BIDU) Rating Reiterated by Jefferies Group LLC (elcumanes.com)
- JCPenney sinks, Nordstrom falls, Nvidia slides (finance.yahoo.com)
- Pillar Pacific Capital Management LLC Lowers Position in Baidu, Inc. (BIDU) (expressnewsline.com)
BIDU has been the subject of several research analyst reports. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. Vetr upgraded shares of Baidu from a “sell” rating to a “buy” rating and set a $244.58 price objective for the company in a research note on Monday, July 31st. TheStreet upgraded shares of Baidu from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and issued a $208.00 price objective on shares of Baidu in a research note on Monday, June 19th. Finally, Credit Suisse Group restated a “hold” rating and issued a $180.00 price objective on shares of Baidu in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $209.80.
Shares of Baidu (NASDAQ:BIDU) traded up 0.09% on Monday, reaching $223.69. 2,447,803 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $200.06 and its 200-day moving average price is $184.39. Baidu has a 1-year low of $159.54 and a 1-year high of $233.37. The company has a market capitalization of $77.57 billion, a P/E ratio of 41.92 and a beta of 1.95.
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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