Deutsche Bank set a $369.00 target price on Baidu (NASDAQ:BIDU) in a research note published on Monday morning, MarketBeat reports. The brokerage currently has a buy rating on the information services provider’s stock.
A number of other research analysts have also recently issued reports on the company. Barclays set a $250.00 price objective on Baidu and gave the company a hold rating in a research note on Thursday, October 18th. Zacks Investment Research raised Baidu from a sell rating to a hold rating in a research note on Tuesday, October 16th. Citigroup cut their target price on Baidu from $295.00 to $265.00 and set an outperform rating on the stock in a research note on Friday, October 12th. They noted that the move was a valuation call. UBS Group set a $280.00 target price on Baidu and gave the stock a buy rating in a research note on Tuesday, October 9th. Finally, BidaskClub cut Baidu from a sell rating to a strong sell rating in a research note on Saturday, October 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $292.64.
Shares of NASDAQ:BIDU traded down $1.51 on Monday, reaching $180.24. 1,957,141 shares of the company traded hands, compared to its average volume of 3,214,258. Baidu has a 52 week low of $178.10 and a 52 week high of $284.22. The stock has a market capitalization of $65.37 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.25.
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 mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; 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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