Baidu (BIDU) Receives Average Recommendation of "Moderate Buy" from Brokerages
Baidu is the most well known internet search portal in China. It operates through Baidu Core and iQIYI segments. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; and Haokan, a short video app.
Shares of Baidu have received a consensus rating of "Moderate Buy" from the 16 analysts who get their grip of the stock. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company despite a difficult time for all Chinese equities. The average 1-year target price among those brokers who updated their coverage on the stock in the last year is $219.86.
A number of investment funds and banks have recently issued reports on BIDU. Thus, JPMorgan Chase (JPM) upgraded shares of Baidu from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $160.00 to $200.00 in a research note on Wednesday, August 31st. Barclays dropped their price objective on shares of Baidu from $243.00 to $235.00 and set an "overweight" rating for the company. Australian Macquarie began coverage on shares of Baidu in a research note on Tuesday, August 23rd. They issued an "outperform" rating and a $188.00 price target for the company. Daiwa Capital Markets dropped their price objective on shares of Baidu from $215.00 to $210.00 in a research note on July 19th. Finally, Benchmark dropped their price objective on shares of Baidu from $330.00 to $270.00 and set a "buy" rating for the company in a research note.
NASDAQ BIDU opened at $138.43 on Monday September 12. The company’s stock demonstrated 50-day moving average (SMA50) of $140.48 and a 200-day moving average (SMA200) of $137.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.75 and a current ratio of 2.75. The stock has a market cap of $47.83 billion, a still negative PE ratio, but a PEG ratio of 1.04 and a beta of 0.66. Baidu has a 52-week low of $101.62 and a 52-week high of $182.60.
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