Baidu (NASDAQ:BIDU) had its price target decreased by investment analysts at KeyCorp from $147.00 to $145.00 in a note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the information services provider’s stock. KeyCorp’s target price suggests a potential upside of 21.44% from the stock’s previous close.
BIDU has been the topic of several other reports. Citigroup cut their target price on shares of Baidu from $189.00 to $178.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Barclays cut their price objective on Baidu from $150.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 22nd. Zacks Investment Research lowered Baidu from a “hold” rating to a “sell” rating in a report on Tuesday, July 21st. BidaskClub downgraded Baidu from a “hold” rating to a “sell” rating in a report on Wednesday, July 22nd. Finally, Oppenheimer reiterated a “buy” rating and issued a $155.00 price objective on shares of Baidu in a research note on Monday, April 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company. Baidu presently has a consensus rating of “Buy” and a consensus price target of $143.21.
Shares of NASDAQ:BIDU opened at $119.40 on Friday. The firm has a market capitalization of $41.29 billion, a PE ratio of 118.22, a price-to-earnings-growth ratio of 5.25 and a beta of 1.45. Baidu has a 1 year low of $82.00 and a 1 year high of $147.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.95 and a quick ratio of 2.95. The firm’s 50-day moving average is $122.79 and its two-hundred day moving average is $115.04.
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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