BidaskClub lowered shares of Baidu (NASDAQ:BIDU) from a hold rating to a sell rating in a research note issued to investors on Saturday.
Several other research firms have also commented on BIDU. Vetr lowered Baidu from a strong-buy rating to a buy rating and set a $265.83 price objective on the stock. in a research report on Tuesday, September 19th. Barclays set a $250.00 price objective on Baidu and gave the stock a hold rating in a research report on Thursday, October 19th. Zacks Investment Research lowered Baidu from a buy rating to a hold rating in a research report on Monday, December 18th. Citigroup restated a hold rating and issued a $253.00 price objective on shares of Baidu in a research report on Thursday, September 14th. Finally, Jefferies Group upped their price objective on Baidu from $232.00 to $305.00 and gave the stock a buy rating in a research report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $238.19.
Shares of Baidu (NASDAQ:BIDU) opened at $234.21 on Friday. 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 52-week low of $163.56 and a 52-week high of $274.97. The company has a market capitalization of $81,400.00, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 1.41 and a beta of 1.89.
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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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