Investors purchased shares of Baidu Inc (NASDAQ:BIDU) on weakness during trading on Wednesday. $157.73 million flowed into the stock on the tick-up and $132.76 million flowed out of the stock on the tick-down, for a money net flow of $24.97 million into the stock. Of all companies tracked, Baidu had the 14th highest net in-flow for the day. Baidu traded down ($2.29) for the day and closed at $255.49
Several research analysts have commented on the stock. Vetr upgraded shares of Baidu from a “buy” rating to a “strong-buy” rating and set a $265.83 target price for the company in a report on Tuesday, September 26th. Wells Fargo & Co assumed coverage on shares of Baidu in a report on Tuesday, September 26th. They issued an “outperform” rating and a $290.00 target price for the company. Oppenheimer raised their target price on shares of Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Zacks Investment Research upgraded shares of Baidu from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Baidu presently has an average rating of “Buy” and a consensus target price of $234.77.
The firm has a market cap of $88,710.00, a PE ratio of 36.04, a price-to-earnings-growth ratio of 1.53 and a beta of 1.89. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34.
Baidu Company Profile
Baidu, Inc is a Chinese language Internet search provider. The Company offers a Chinese language search platform on its Baidu.com Website that enables users to find information online, including Webpages, news, images, documents and multimedia files, through links provided on its Website. In addition to serving individual Internet search users, the Company provides a platform for businesses to reach customers.
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