KeyCorp Lowers Baidu (NASDAQ:BIDU) Price Target to $149.00

Baidu (NASDAQ:BIDU) had its price target decreased by stock analysts at KeyCorp from $152.00 to $149.00 in a research report issued to clients and investors on Monday, AnalystRatings.com reports. The firm presently has an “overweight” rating on the information services provider’s stock. KeyCorp’s price target suggests a potential upside of 43.78% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Nomura reduced their price objective on shares of Baidu from $134.00 to $118.00 and set a “neutral” rating for the company in a research note on Wednesday, August 21st. ValuEngine upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Macquarie set a $131.00 price objective on shares of Baidu and gave the company a “hold” rating in a research note on Thursday, July 4th. Barclays set a $135.00 price objective on shares of Baidu and gave the company a “hold” rating in a research note on Wednesday, August 21st. Finally, UBS Group restated a “hold” rating and set a $145.00 price objective on shares of Baidu in a research note on Friday, July 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the stock. Baidu currently has a consensus rating of “Hold” and an average target price of $149.58.

NASDAQ:BIDU opened at $103.63 on Monday. The firm has a market cap of $36.24 billion, a P/E ratio of 13.29, a P/E/G ratio of 13.59 and a beta of 1.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.61 and a current ratio of 2.61. Baidu has a fifty-two week low of $93.39 and a fifty-two week high of $206.25. The firm has a 50-day simple moving average of $104.70 and a two-hundred day simple moving average of $121.37.

Several hedge funds and other institutional investors have recently made changes to their positions in BIDU. Griffin Asset Management Inc. purchased a new stake in shares of Baidu during the 2nd quarter valued at about $27,000. Motco purchased a new stake in shares of Baidu during the 2nd quarter valued at about $28,000. Tower Research Capital LLC TRC purchased a new stake in shares of Baidu during the 2nd quarter valued at about $31,000. Regal Wealth Group Inc. purchased a new stake in shares of Baidu during the 3rd quarter valued at about $32,000. Finally, Westside Investment Management Inc. purchased a new stake in shares of Baidu during the 2nd quarter valued at about $33,000. 56.73% of the stock is currently owned by hedge funds and other institutional investors.

Baidu Company Profile

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 its other properties and Union partners; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Haokan, a short video app; and Quanmin, a flash video app for users to create and share short videos.

Further Reading: How is the LIBOR rate calculated?

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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.