Baidu Inc (BIDU) Given Consensus Recommendation of “Buy” by Analysts

Baidu Inc (NASDAQ:BIDU) has been given a consensus rating of “Buy” by the twenty-eight analysts that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $284.48.

A number of research firms recently weighed in on BIDU. Wells Fargo & Co reaffirmed an “outperform” rating and set a $300.00 target price (up previously from $290.00) on shares of Baidu in a report on Wednesday, February 14th. Zacks Investment Research raised shares of Baidu from a “hold” rating to a “buy” rating and set a $257.00 target price on the stock in a report on Tuesday, April 17th. Deutsche Bank began coverage on shares of Baidu in a report on Thursday, March 15th. They set a “buy” rating and a $319.00 target price on the stock. KeyCorp started coverage on shares of Baidu in a report on Thursday, April 5th. They set a “sector weight” rating on the stock. Finally, Sanford C. Bernstein raised shares of Baidu from an “underperform” rating to a “market perform” rating and set a $305.00 price target for the company in a research note on Friday, May 11th.

A number of hedge funds have recently added to or reduced their stakes in the business. Comgest Global Investors S.A.S. boosted its stake in shares of Baidu by 5.7% in the 4th quarter. Comgest Global Investors S.A.S. now owns 3,079,180 shares of the information services provider’s stock valued at $721,174,000 after purchasing an additional 166,800 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Baidu by 4.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 3,038,645 shares of the information services provider’s stock valued at $711,681,000 after purchasing an additional 130,474 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Baidu by 1.5% in the 1st quarter. OppenheimerFunds Inc. now owns 2,568,292 shares of the information services provider’s stock valued at $573,216,000 after purchasing an additional 39,055 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Baidu by 1.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,926,557 shares of the information services provider’s stock valued at $429,989,000 after purchasing an additional 33,742 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Baidu by 2.8% in the 4th quarter. Fisher Asset Management LLC now owns 1,770,476 shares of the information services provider’s stock valued at $414,663,000 after purchasing an additional 48,476 shares in the last quarter. 61.28% of the stock is owned by institutional investors and hedge funds.

Baidu traded up $3.52, reaching $243.80, during midday trading on Monday, Marketbeat reports. 5,293,768 shares of the stock were exchanged, compared to its average volume of 4,909,814. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $83.32 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 1.30 and a beta of 1.87. Baidu has a 52 week low of $173.52 and a 52 week high of $284.22.

About Baidu

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.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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