Baidu (NASDAQ:BIDU) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Several other research analysts also recently issued reports on BIDU. Vetr downgraded shares of 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 Wednesday, September 13th. Citigroup reissued a “hold” rating and set a $253.00 price objective on shares of Baidu in a research report on Thursday, September 14th. Bank of America reaffirmed a “buy” rating and issued a $263.00 target price on shares of Baidu in a report on Monday, September 18th. Wells Fargo & Co started coverage on shares of Baidu in a report on Tuesday, September 26th. They issued an “outperform” rating and a $290.00 target price on the stock. Finally, reaffirmed a “buy” rating and issued a $282.00 target price (up previously from $245.00) on shares of Baidu in a report on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $234.77.
Baidu (NASDAQ BIDU) opened at $248.95 on Thursday. Baidu has a 52-week low of $166.00 and a 52-week high of $274.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71. The stock has a market cap of $86,440.00, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 1.48 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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