Wells Fargo & Co reaffirmed their outperform rating on shares of Baidu (NASDAQ:BIDU) in a research note released on Monday morning, The Fly reports. The firm currently has a $200.00 target price on the information services provider’s stock, down from their prior target price of $275.00.
A number of other brokerages have also weighed in on BIDU. Vetr lowered Baidu from a strong-buy rating to a buy rating and set a $265.83 target price on the stock. in a research report on Tuesday, September 19th. Barclays set a $250.00 target price on Baidu and gave the stock a hold rating in a research report on Thursday, October 19th. Zacks Investment Research lowered Baidu from a buy rating to a hold rating in a research report on Monday, December 18th. Citigroup reaffirmed a hold rating and set a $253.00 target price on shares of Baidu in a research report on Thursday, September 14th. Finally, BidaskClub lowered Baidu from a hold rating to a sell rating in a research report on Saturday, December 30th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $234.10.
Shares of Baidu (NASDAQ BIDU) traded up $3.91 during trading hours on Monday, hitting $254.73. The stock had a trading volume of 2,619,637 shares, compared to its average volume of 2,230,000. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71. Baidu has a one year low of $166.00 and a one year high of $274.97. The firm has a market capitalization of $88,450.00, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 1.48 and a beta of 1.89.
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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