Baidu Inc (BIDU) Given Consensus Recommendation of “Buy” by Analysts
Baidu Inc (NASDAQ:BIDU) has been assigned an average rating of “Buy” from the twenty-nine analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, fifteen have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $240.96.
Several equities analysts recently commented on the stock. Oppenheimer Holdings, Inc. upped their target price on shares of Baidu from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. reiterated a “buy” rating and set a $245.00 target price (up from $223.00) on shares of Baidu in a research note on Tuesday, August 1st. J P Morgan Chase & Co cut their target price on shares of Baidu from $230.00 to $225.00 and set a “neutral” rating for the company in a research note on Monday, October 30th. Instinet upgraded shares of Baidu from a “neutral” rating to a “buy” rating and upped their target price for the company from $180.00 to $241.00 in a research note on Monday, July 31st. Finally, Bank of America Corporation reiterated a “buy” rating and set a $301.00 target price on shares of Baidu in a research note on Sunday, November 19th.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Hartline Investment Corp bought a new stake in shares of Baidu in the 3rd quarter worth about $2,475,000. Salem Investment Counselors Inc. grew its holdings in shares of Baidu by 24.3% in the 3rd quarter. Salem Investment Counselors Inc. now owns 14,545 shares of the information services provider’s stock worth $3,615,000 after purchasing an additional 2,845 shares during the last quarter. Green Square Capital LLC bought a new stake in shares of Baidu in the 3rd quarter worth about $226,000. Janney Montgomery Scott LLC grew its holdings in shares of Baidu by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 16,559 shares of the information services provider’s stock worth $4,101,000 after purchasing an additional 493 shares during the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of Baidu by 93.9% in the 3rd quarter. Bamco Inc. NY now owns 682,496 shares of the information services provider’s stock worth $169,047,000 after purchasing an additional 330,489 shares during the last quarter. 64.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of Baidu (NASDAQ:BIDU) traded down $0.23 during trading on Monday, hitting $249.42. 1,610,800 shares of the stock were exchanged, compared to its average volume of 2,577,725. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71. Baidu has a twelve month low of $160.79 and a twelve month high of $274.97. The firm has a market capitalization of $86,488.88, a PE ratio of 31.57, a price-to-earnings-growth ratio of 1.48 and a beta of 1.94.
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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.
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