Baidu (BIDU) Price Target Increased to $260.00 by Analysts at Barclays

Baidu (NASDAQ:BIDU) had its price target raised by stock analysts at Barclays from $250.00 to $260.00 in a research report issued on Monday. The firm currently has an “equal weight” rating on the information services provider’s stock. Barclays’ price objective would suggest a potential upside of 13.20% from the company’s current price.

Other analysts have also issued research reports about the company. ValuEngine raised Baidu from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Deutsche Bank assumed coverage on Baidu in a report on Thursday, March 15th. They issued a “buy” rating and a $319.00 price objective for the company. Jefferies Group downgraded Baidu from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. BidaskClub upgraded Baidu from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Zacks Investment Research downgraded Baidu from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $256.75.

BIDU stock traded up $1.52 on Monday, reaching $229.69. The company’s stock had a trading volume of 1,423,583 shares, compared to its average volume of 2,906,436. Baidu has a 12-month low of $172.07 and a 12-month high of $274.97. The firm has a market capitalization of $79,120.23, a price-to-earnings ratio of 28.63, a PEG ratio of 1.45 and a beta of 1.88. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.30.

Several large investors have recently modified their holdings of BIDU. Trustcore Financial Services LLC bought a new position in shares of Baidu during the fourth quarter valued at $109,000. Whittier Trust Co. increased its holdings in shares of Baidu by 88.5% during the fourth quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock valued at $115,000 after acquiring an additional 230 shares in the last quarter. We Are One Seven LLC bought a new position in shares of Baidu during the fourth quarter valued at $135,000. Virtue Capital Management LLC bought a new position in shares of Baidu during the fourth quarter valued at $155,000. Finally, Calton & Associates Inc. bought a new stake in Baidu in the 4th quarter worth about $182,000. Hedge funds and other institutional investors own 63.12% of the company’s stock.

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Baidu Company Profile

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, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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