Baidu (BIDU) Earning Somewhat Positive Press Coverage, Accern Reports

News coverage about Baidu (NASDAQ:BIDU) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Baidu earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the information services provider an impact score of 45.3997792528215 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Baidu (NASDAQ:BIDU) traded up $2.82 during trading on Monday, reaching $253.04. 3,040,700 shares of the company’s stock were exchanged, compared to its average volume of 2,307,833. The firm has a market cap of $87,860.00, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 1.53 and a beta of 1.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.71 and a current ratio of 1.71. Baidu has a 52-week low of $166.00 and a 52-week high of $274.97.

A number of brokerages recently issued reports on BIDU. Vetr upgraded shares of Baidu from a “buy” rating to a “strong-buy” rating and set a $265.83 price objective for the company in a report on Tuesday, September 26th. Wells Fargo & Co began coverage on shares of Baidu in a report on Tuesday, September 26th. They issued an “outperform” rating and a $290.00 price objective for the company. Oppenheimer upped their price objective on shares of Baidu from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Tuesday, October 31st. BidaskClub upgraded shares of Baidu from a “sell” rating to a “hold” rating in a report on Thursday. Finally, 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Baidu has a consensus rating of “Buy” and a consensus target price of $234.77.

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About Baidu

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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