Baidu (NASDAQ:BIDU) has been downgraded from Buy to Hold in a statement by Deutsche Bank earlier today.
- Updated: October 2, 2016
Deutsche Bank has downgraded Baidu (NASDAQ:BIDU) from Buy to Hold in a statement released on 9/28/2016.
On 9/21/2016, Vetr Inc. released a statement about Baidu (NASDAQ:BIDU) upped the target price from $0.00 to $192.71 that suggested an upside of 0.04%.
Having a price of $190.83, Baidu (NASDAQ:BIDU) traded -0.09% lower on the day. With the last stock price up 3.84% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. BIDU has recorded a 50-day average of $180.95 and a two hundred day average of $175.35. Trade Volume was down over the average, with 2,183,724 shares of BIDU changing hands under the typical 2,764,020
Recent Performance Chart
Baidu has PE ratio of 13.40 with a one year low of $139.61 and a one year high of $217.97 and has a market capitalization of $0.
In addition to Deutsche Bank reporting its target price, a total of 25 brokers have issued a report on the stock. The consensus target price is $209.10 with 9 brokers rating the stock a strong buy, 12 brokers rating the stock a buy, 6 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Baidu (NASDAQ:BIDU)
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. Its business consists of three segments: search services, transaction services and iQiyi. Search services are keyword-based marketing services targeted at and triggered by Internet users' search queries, which mainly include its pay-for-performance (P4P) services and other online marketing services. Its transaction services include Baidu Nuomi, Baidu Takeout Delivery, Baidu Maps, Baidu Connect, Baidu Wallet and others. iQiyi is an online video platform with a content library that includes licensed movies, television series, cartoons, variety shows and other programs.
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