Baidu Inc (NASDAQ:BIDU)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $174.66 and last traded at $180.75, with a volume of 196383 shares traded. The stock had previously closed at $182.66.
BIDU has been the topic of a number of analyst reports. UBS Group set a $280.00 price target on shares of Baidu and gave the stock a “buy” rating in a research note on Tuesday, October 9th. Credit Suisse Group set a $313.00 price target on shares of Baidu and gave the stock a “buy” rating in a research note on Monday, October 1st. Deutsche Bank set a $369.00 price target on shares of Baidu and gave the stock a “buy” rating in a research note on Monday, October 29th. Benchmark dropped their price target on shares of Baidu from $300.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Finally, ValuEngine upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Baidu currently has an average rating of “Buy” and an average price target of $277.15.
The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.24. The company has a market cap of $62.66 billion, a PE ratio of 22.28, a PEG ratio of 0.96 and a beta of 1.60.
About Baidu (NASDAQ:BIDU)
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.
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