Baidu (BIDU) Upgraded to “Hold” by BidaskClub
BidaskClub upgraded shares of Baidu (NASDAQ:BIDU) from a sell rating to a hold rating in a research report sent to investors on Thursday.
Other equities research analysts have also recently issued research reports about the stock. Vetr cut shares of Baidu from a strong-buy rating to a buy rating and set a $265.83 target price on the stock. in a report on Wednesday, September 13th. Zacks Investment Research upgraded shares of Baidu from a hold rating to a buy rating and set a $265.00 target price on the stock in a report on Wednesday, September 27th. reiterated a buy rating and set a $282.00 price target (up previously from $245.00) on shares of Baidu in a research note on Wednesday, September 27th. Bank of America reiterated a buy rating and set a $263.00 price target on shares of Baidu in a research note on Monday, September 18th. Finally, UBS Group upgraded shares of Baidu from a hold rating to a buy rating in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $234.77.
Shares of Baidu (NASDAQ:BIDU) traded up $2.82 during mid-day trading on Thursday, reaching $253.04. 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 company has a market cap of $87,860.00, a P/E ratio of 35.84, a P/E/G ratio of 1.53 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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