Baidu, Inc. (NASDAQ:BIDU) Receives $285.12 Average Price Target from BrokeragesPosted by Oscar Bower
Dec 18th, 2021
Shares of Baidu, Inc. (NASDAQ:BIDU) have been assigned a consensus rating of “Buy” from the twenty-three analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $285.12.
Several equities research analysts recently issued reports on BIDU shares. Benchmark decreased their price target on shares of Baidu from $357.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, November 18th. Barclays initiated coverage on shares of Baidu in a report on Tuesday, November 2nd. They set an “overweight” rating and a $243.00 price target on the stock. Zacks Investment Researchraised shares of Baidu from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 12th. Citigroup boosted their target price on shares of Baidu from $254.00 to $258.00 and gave the stock a “buy” rating in a report on Thursday, November 18th. Finally, KGI Securities initiated coverage on shares of Baidu in a report on Monday, September 6th. They set a “neutral” rating on the stock.
Shares of Baidu stock traded up $1.92 during midday trading on Friday, hitting $142.09. 4,055,228 shares of the company traded hands, compared to its average volume of 7,338,846. The stock has a market cap of $49.46 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 12.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.91 and a current ratio of 2.91. The firm’s fifty day moving average price is $158.76 and its 200-day moving average price is $166.38. Baidu has a 12 month low of $132.14 and a 12 month high of $354.82.
Several institutional investors have recently added to or reduced their stakes in BIDU. Bbva USA acquired a new position in shares of Baidu during the 2nd quarter valued at $33,000. FourThought Financial LLC lifted its position in shares of Baidu by 112.1% during the 3rd quarter. FourThought Financial LLC now owns 227 shares of the information services provider’s stock valued at $34,000 after acquiring an additional 120 shares during the period. Sandy Spring Bank lifted its position in shares of Baidu by 250.0% during the 2nd quarter. Sandy Spring Bank now owns 175 shares of the information services provider’s stock valued at $36,000 after acquiring an additional 125 shares during the period. JTC Employer Solutions Trusteee Ltd acquired a new position in Baidu during the second quarter worth $36,000. Finally, Allworth Financial LP bought a new position in shares of Baidu in the third quarter valued at $36,000. Institutional investors own 45.71% of the company’s stock.
About Baidu
Baidu, Inc engages in the provision of internet search and online marketing solutions. The firm’s products and services include Baidu App, Baidu Search, Baidu Feed, Haokan, Quanmin, Baidu Post Bar, Baidu Knows, Baidu Encyclopedia, Baidu Input Method Editor or Baidu IME and Overseas Products. It operates through the following segments: Baidu Core and iQIYI.
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