Baidu (BIDU) Downgraded by Oppenheimer
Baidu (NASDAQ:BIDU) was downgraded by equities researchers at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
A number of other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of Baidu from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. TheStreet lowered shares of Baidu from a “b-” rating to a “c+” rating in a research report on Friday, December 21st. Daiwa Capital Markets set a $215.00 price target on shares of Baidu and gave the stock a “buy” rating in a research report on Friday, March 8th. ValuEngine raised shares of Baidu from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, Sanford C. Bernstein reissued a “mkt perform” rating on shares of Baidu in a research report on Monday, January 14th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Baidu has an average rating of “Buy” and a consensus price target of $248.13.
Shares of Baidu stock traded down $4.22 during midday trading on Wednesday, hitting $176.78. The company had a trading volume of 3,463,392 shares, compared to its average volume of 3,050,221. The firm has a market capitalization of $64.59 billion, a P/E ratio of 22.66, a PEG ratio of 2.01 and a beta of 1.47. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.31. Baidu has a 12-month low of $153.78 and a 12-month high of $284.22.
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; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.
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