Baidu, Inc. (NASDAQ:BIDU) Receives Consensus “Buy” Rating From Brokerages


Baidu, Inc. (NASDAQ: BIDU – Get Rating) has an average recommendation of “buy” from the twenty-three rating agencies that currently cover the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating on the company. The 12-month average price target among brokerages that have issued ratings on the stock over the past year is $252.28.

Several brokerages have commented on BIDU. UBS Group raised its price target on Baidu from $220.00 to $230.00 and gave the company a “buy” rating in a Wednesday, January 12 report. Citigroup raised its price target on Baidu from $229.00 to $254.00 in a Wednesday, March 2 report. JPMorgan Chase & Co. downgraded Baidu from an “overweight” rating to an “underweight” rating and set a price target of $90.00 for the stock. in a Monday, March 14 research note. StockNews.com began covering Baidu in a research note on Thursday, March 31. They issued a “holding” rating on the stock. Finally, China Renaissance Securities raised its price target on Baidu from $215.00 to $228.00 and gave the stock a “buy” rating in a Wednesday, March 2 research note.

Shares of BIDU opened at $129.56 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt ratio of 0.32. Baidu has a 12-month low of $102.18 and a 12-month high of $222.68. The stock’s 50-day moving average is $147.22 and its two-hundred-day moving average is $152.36. The company has a market capitalization of $45.09 billion, a P/E ratio of 30.63, a PEG ratio of 14.57 and a beta of 0.92.

A number of large investors have recently bought and sold shares of the company. Sandbox Financial Partners LLC bought a new stake in Baidu in the first quarter worth $208,000. Investors Research Corp increased its holdings of Baidu shares by 8.3% in Q1. Investors Research Corp now owns 2,012 shares of the information services provider valued at $266,000 after buying an additional 155 shares during the period. Guinness Atkinson Asset Management Inc increased its holdings of Baidu shares by 12.3% in Q1. Guinness Atkinson Asset Management Inc now owns 15,480 shares of the information services provider valued at $2,048,000 after purchasing an additional 1,700 shares during the period. Guinness Asset Management LTD increased its holdings of Baidu shares by 12.9% in Q1. Guinness Asset Management LTD now owns 2,010 shares of the information services provider valued at $266,000 after buying an additional 230 shares during the period. Finally, CAPROCK Group Inc. increased its stake in Baidu shares by 5.4% in the 1st quarter. CAPROCK Group Inc. now owns 2,840 shares of the information services provider valued at $376,000 after purchasing an additional 146 shares during the period. Institutional investors hold 72.89% of the company’s shares.

Baidu Company Profile (Get a rating)

Baidu, Inc provides Internet search services in China. It operates through Baidu Core and iQIYI segments. The company offers the Baidu app for accessing search, feeds and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed which provides users with a personalized schedule based on their demographics and interests; and Haokan, a short video app.

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