Investors bought shares of Baidu Inc (NASDAQ:BIDU) on weakness during trading hours on Tuesday. $161.96 million flowed into the stock on the tick-up and $52.00 million flowed out of the stock on the tick-down, for a money net flow of $109.96 million into the stock. Of all companies tracked, Baidu had the 4th highest net in-flow for the day. Baidu traded down ($1.22) for the day and closed at $237.83
Several equities research analysts recently issued reports on BIDU shares. Vetr cut shares of Baidu from a “strong-buy” rating to a “buy” rating and set a $265.83 price objective for the company. in a research report on Tuesday, September 19th. Barclays set a $250.00 target price on shares of Baidu and gave the stock a “hold” rating in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of Baidu from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Baidu in a research note on Thursday, August 31st. Finally, Citigroup reaffirmed a “hold” rating and set a $253.00 target price on shares of Baidu in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $238.19.
The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market capitalization of $82,890.00, a P/E ratio of 34.25, a PEG ratio of 1.44 and a beta of 1.89.
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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