Shares of Baidu, Inc. (NASDAQ:BIDU - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $127.29.
Several equities research analysts have issued reports on BIDU shares. Barclays decreased their price objective on shares of Baidu from $125.00 to $115.00 and set an "overweight" rating for the company in a research note on Friday, August 23rd. Sanford C. Bernstein downgraded Baidu from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $130.00 to $97.00 in a report on Friday, August 23rd. HSBC cut Baidu from a "buy" rating to a "hold" rating and set a $100.00 price objective on the stock. in a research note on Tuesday, September 24th. Mizuho lowered their target price on Baidu from $130.00 to $115.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. Finally, Loop Capital reduced their price target on Baidu from $120.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, August 26th.
Get Our Latest Analysis on Baidu
BIDU opened at $86.02 on Wednesday. Baidu has a 1 year low of $79.68 and a 1 year high of $126.23. The firm has a 50 day moving average price of $93.76 and a 200 day moving average price of $93.01. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market cap of $30.16 billion, a PE ratio of 11.33 and a beta of 0.51.
Institutional investors have recently added to or reduced their stakes in the business. Crewe Advisors LLC acquired a new position in shares of Baidu during the first quarter valued at approximately $31,000. iA Global Asset Management Inc. bought a new stake in shares of Baidu in the 2nd quarter worth $52,000. Denver PWM LLC bought a new stake in shares of Baidu in the 2nd quarter worth $67,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Baidu by 630.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 687 shares of the information services provider's stock valued at $72,000 after buying an additional 593 shares during the period. Finally, Grove Bank & Trust boosted its stake in Baidu by 21.6% during the third quarter. Grove Bank & Trust now owns 731 shares of the information services provider's stock valued at $77,000 after buying an additional 130 shares in the last quarter.
Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.
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