Baidu, Inc. (NASDAQ:BIDU) Receives Average Recommendation of “Moderate Buy” from Brokerages

Baidu, Inc. (NASDAQ:BIDU) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $156.64.

Several equities analysts recently commented on BIDU shares. Susquehanna dropped their price objective on shares of Baidu from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Friday, May 24th. Benchmark reaffirmed a “buy” rating and set a $180.00 price target on shares of Baidu in a research note on Friday, May 17th. Morgan Stanley downgraded shares of Baidu from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $140.00 to $125.00 in a research note on Friday, May 17th. Mizuho dropped their price target on shares of Baidu from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, HSBC dropped their price target on shares of Baidu from $157.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th.

Baidu Price Performance

Shares of NASDAQ:BIDU opened at $86.48 on Friday. The company has a market cap of $30.32 billion, a price-to-earnings ratio of 11.58 and a beta of 0.52. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.79 and a quick ratio of 2.79. The firm has a 50 day simple moving average of $99.92 and a 200 day simple moving average of $104.53. Baidu has a one year low of $86.43 and a one year high of $156.98.

Institutional Investors Weigh In On Baidu

Several large investors have recently modified their holdings of BIDU. Bruce G. Allen Investments LLC acquired a new stake in Baidu in the fourth quarter worth $25,000. Crewe Advisors LLC acquired a new stake in Baidu in the first quarter worth $31,000. Newbridge Financial Services Group Inc. acquired a new stake in Baidu in the first quarter worth $32,000. Headinvest LLC acquired a new stake in Baidu in the third quarter worth $36,000. Finally, FNY Investment Advisers LLC acquired a new stake in Baidu in the fourth quarter worth $42,000.

Baidu Company Profile

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. 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; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.