BIDU has been the subject of several other research reports. Morgan Stanley cut their target price on Baidu from $140.00 to $120.00 in a research report on Wednesday. Sanford C. Bernstein raised their target price on Baidu from $92.00 to $109.00 in a research report on Wednesday. UBS Group cut their target price on Baidu from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. upgraded Baidu from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $160.00 to $200.00 in a research report on Wednesday, August 31st. Finally, Mizuho cut their price objective on Baidu from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $179.88.
Baidu Price Performance
Shares of Baidu stock traded up $1.92 during midday trading on Thursday, hitting $97.00. 3,442,465 shares of the company were exchanged, compared to its average volume of 3,724,099. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market cap of $33.52 billion, a P/E ratio of 59.51, a PEG ratio of 0.72 and a beta of 0.56. Baidu has a 52 week low of $73.58 and a 52 week high of $171.87. The firm has a 50 day simple moving average of $101.60 and a 200-day simple moving average of $125.34.
Institutional Investors Weigh In On Baidu
Baidu Company Profile
Baidu, Inc engages in the provision of internet search and online marketing solutions. The firm’s products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI.
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