TheStreet Upgrades Baidu, Inc. (BIDU) to "B"

Postado Agosto 13, 2017

Baidu, Inc. (NASDAQ:BIDU) has earned an average rating of "Buy" from the twenty-six brokerages that are now covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Baidu has a consensus rating of "Buy" and an average target price of $209.80.

BIDU has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Baidu from a "sell" rating to a "hold" rating in a report on Thursday, June 22nd. Jefferies Group LLC increased their price objective on shares of Baidu from $188.00 to $208.00 and gave the company a buy rating in a research note on Monday, May 1st. Vetr raised shares of Baidu from a "buy" rating to a "strong-buy" rating and set a $198.65 price target on the stock in a research note on Thursday, May 4th. As per Friday, July 28, the company rating was upgraded by Macquarie Research. Finally, HSBC Holdings plc reaffirmed a "buy" rating and issued a $223.00 target price on shares of Baidu in a research report on Monday, July 10th. J P Morgan Chase & Co reaffirmed a "neutral" rating and issued a $190.00 price target on shares of Baidu in a research note on Friday, April 28th. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of U.S. & global copyright & trademark laws. The original version of this piece can be read at https://sportsperspectives.com/2017/08/12/baidu-inc-bidu-lifted-to-b-at-thestreet-updated.html. Veritas Asset Management LLP added additional shares of Baidu by 37.1% in the Fiscal Q2. BlackRock Inc. now owns 11,974,528 shares of the information services provider's stock worth $2,065,846,000 after buying an additional 11,721,135 shares during the last quarter. Harding Loevner LP raised its stake in Baidu by 10.5% in the first quarter. IHT Wealth Management LLC now owns 1,141 shares of the information services provider's stock valued at $197,000 after buying an additional 65 shares during the last quarter. Cambiar Investors LLC bought a new stake in shares of Baidu during the second quarter valued at approximately $274,670,000. Boston Private Wealth LLC now owns 2,018 shares of the information services provider's stock worth $348,000 after buying an additional 9 shares during the last quarter. Raymond James Trust N.A. raised its stake in Baidu by 3.8% in the first quarter. Cambridge Advisors Inc. now owns 1,583 shares of the information services provider's stock worth $283,000 after buying an additional 10 shares during the last quarter. Finally, State Street Corp increased its position in Baidu by 5.7% in the first quarter. The institutional investor held 44,932 shares of the medical and dental instruments company at the end of 2016Q4, valued at $5.38M, down from 48,217 at the end of the previous reported quarter.

Baidu (BIDU) transacted up 0.240% throughout intraday market trading on early Monday, topping $223.105. 3,329,940 shares of the company's stock traded hands. Baidu, Inc. has a 52 week low of $159.54 and a 52 week high of $233.37. The stock has a market capitalization of $77.50 billion, a price-to-earnings ratio of 41.88 and a beta of 1.95. More interesting news about Baidu Inc (ADR) (NASDAQ:BIDU) were released by: Livetradingnews.com and their article: "Baidu Inc (ADR) (NASDAQ:BIDU) Microsoft Azure Cloud" published on July 19, 2017 as well as Investorplace.com's news article titled: "Baidu Inc (ADR) (BIDU) Begins Self-Driving Cars Test" with publication date: July 13, 2017. 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.