Baidu (NASDAQ:BIDU) Given a $133.00 Price Target by Jefferies Financial Group Analysts

Jefferies Financial Group set a $133.00 price objective on Baidu (NASDAQ:BIDU) in a report issued on Friday morning, TipRanks reports. The firm currently has a buy rating on the information services provider’s stock.

A number of other brokerages also recently issued reports on BIDU. Nomura cut their price objective on Baidu from $134.00 to $118.00 and set a neutral rating for the company in a research report on Wednesday, August 21st. Benchmark cut their price objective on Baidu to $165.00 and set a buy rating for the company in a research report on Tuesday, August 20th. Barclays set a $135.00 price objective on Baidu and gave the stock a hold rating in a research report on Wednesday, August 21st. UBS Group reissued a hold rating and set a $145.00 price objective on shares of Baidu in a research report on Friday, July 5th. Finally, Credit Suisse Group reissued an outperform rating on shares of Baidu in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $149.53.

Shares of NASDAQ BIDU traded down $3.91 during trading on Friday, hitting $103.74. 2,499,461 shares of the company were exchanged, compared to its average volume of 3,441,971. Baidu has a 12-month low of $93.39 and a 12-month high of $206.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.61 and a current ratio of 2.61. The company has a fifty day moving average price of $104.77 and a 200-day moving average price of $122.70. The firm has a market capitalization of $37.61 billion, a PE ratio of 13.30, a P/E/G ratio of 14.11 and a beta of 1.74.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BIDU. Griffin Asset Management Inc. purchased a new position in shares of Baidu in the 2nd quarter valued at about $27,000. Motco purchased a new position in shares of Baidu in the 2nd quarter valued at about $28,000. Tower Research Capital LLC TRC purchased a new position in shares of Baidu in the 2nd quarter valued at about $31,000. Westside Investment Management Inc. purchased a new position in shares of Baidu in the 2nd quarter valued at about $33,000. Finally, Pinnacle Bank boosted its stake in shares of Baidu by 61.7% in the 3rd quarter. Pinnacle Bank now owns 333 shares of the information services provider’s stock valued at $34,000 after buying an additional 127 shares during the period. 56.75% of the stock is owned by institutional investors.

Baidu Company Profile

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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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