Investors bought 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 stocks 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 brokerages have recently commented on BIDU. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Wells Fargo & Co reiterated an “outperform” rating and set a $200.00 price target (down previously from $275.00) on shares of Baidu in a research report on Monday, January 8th. Zacks Investment Research downgraded shares of Baidu from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Bank of America reiterated a “buy” rating and set a $301.00 price target on shares of Baidu in a research report on Sunday, November 19th. Finally, Oppenheimer upped their price target on shares of Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $234.77.
The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $88,710.00, a P/E ratio of 36.04, a P/E/G ratio of 1.53 and a beta of 1.89.
TRADEMARK VIOLATION NOTICE: This news story was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://sportsperspectives.com/2018/01/17/investors-buy-baidu-bidu-on-weakness-2.html.
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.
Receive News & Ratings for Baidu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baidu and related companies with MarketBeat.com's FREE daily email newsletter.