Traders purchased shares of Baidu Inc (NASDAQ:BIDU) on weakness during trading hours on Friday. $89.92 million flowed into the stock on the tick-up and $61.63 million flowed out of the stock on the tick-down, for a money net flow of $28.29 million into the stock. Of all stocks tracked, Baidu had the 10th highest net in-flow for the day. Baidu traded down ($0.53) for the day and closed at $234.21
A number of research firms recently commented on BIDU. Zacks Investment Research upgraded Baidu from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a report on Wednesday, September 27th. reiterated a “buy” rating and issued a $282.00 price objective (up from $245.00) on shares of Baidu in a report on Wednesday, September 27th. Vetr upgraded Baidu from a “buy” rating to a “strong-buy” rating and set a $265.83 price objective on the stock in a report on Tuesday, September 26th. Bank of America reiterated a “buy” rating and issued a $263.00 price objective on shares of Baidu in a report on Monday, September 18th. Finally, Barclays set a $250.00 price target on Baidu and gave the stock a “hold” rating in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $238.19.
The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $81,400.00, a PE ratio of 33.65, a price-to-earnings-growth ratio of 1.43 and a beta of 1.89.
ILLEGAL ACTIVITY WARNING: This story was first reported by Week Herald and is the property of of Week Herald. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://weekherald.com/2017/12/29/traders-buy-shares-of-baidu-bidu-on-weakness.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.