Baidu (NASDAQ:BIDU) Stock Rating Upgraded by Morgan Stanley

Morgan Stanley upgraded shares of Baidu (NASDAQ:BIDU) from an equal weight rating to an overweight rating in a research report report published on Thursday, Briefing.com Automated Import reports.

A number of other equities research analysts have also recently weighed in on the company. Mizuho boosted their price objective on Baidu from $165.00 to $175.00 and gave the company a buy rating in a research note on Thursday. Jefferies Financial Group set a $133.00 target price on Baidu and gave the company a buy rating in a report on Friday, October 18th. JPMorgan Chase & Co. started coverage on Baidu in a report on Wednesday, July 10th. They issued an overweight rating on the stock. BidaskClub lowered Baidu from a sell rating to a strong sell rating in a report on Friday, November 1st. Finally, Barclays boosted their target price on Baidu from $135.00 to $140.00 and gave the company an equal weight rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $148.60.

NASDAQ BIDU traded up $2.69 during trading on Thursday, hitting $124.56. The stock had a trading volume of 10,230,300 shares, compared to its average volume of 3,773,880. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.32. Baidu has a twelve month low of $93.39 and a twelve month high of $196.00. The firm has a 50 day moving average price of $104.66 and a 200 day moving average price of $115.54. The company has a market capitalization of $37.75 billion, a PE ratio of 15.97, a PEG ratio of 16.14 and a beta of 1.72.

Hedge funds have recently made changes to their positions in the stock. Atlas Capital Advisors LLC purchased a new stake in Baidu during the third quarter worth $25,000. Griffin Asset Management Inc. purchased a new stake in Baidu during the second quarter worth $27,000. Motco purchased a new stake in Baidu during the second quarter worth $28,000. Tower Research Capital LLC TRC purchased a new stake in Baidu during the second quarter worth $31,000. Finally, JNBA Financial Advisors purchased a new stake in Baidu during the third quarter worth $31,000. 56.45% of the stock is currently owned by hedge funds and other 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.

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Analyst Recommendations for Baidu (NASDAQ:BIDU)

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