Barclays Analysts Give Baidu (BIDU) a $210.00 Price Target
Barclays set a $210.00 price objective on Baidu (NASDAQ:BIDU) in a research report released on Friday morning. The firm currently has a hold rating on the information services provider’s stock.
BIDU has been the topic of several other reports. TheStreet downgraded Baidu from a b- rating to a c+ rating in a research report on Friday, December 21st. BidaskClub downgraded Baidu from a sell rating to a strong sell rating in a research report on Saturday, October 6th. Zacks Investment Research downgraded Baidu from a hold rating to a sell rating in a research report on Monday, October 8th. Morgan Stanley downgraded Baidu from an overweight rating to an equal weight rating and set a $188.00 target price on the stock. in a research report on Tuesday, January 8th. Finally, Credit Suisse Group set a $246.00 target price on Baidu and gave the stock a buy rating in a research report on Sunday, December 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. Baidu currently has an average rating of Buy and a consensus price target of $264.57.
Shares of NASDAQ:BIDU traded up $3.25 on Friday, hitting $171.36. The company had a trading volume of 3,239,435 shares, compared to its average volume of 2,501,994. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.24. Baidu has a 52-week low of $153.78 and a 52-week high of $284.22. The company has a market capitalization of $59.42 billion, a P/E ratio of 21.26, a P/E/G ratio of 0.91 and a beta of 1.60.
Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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