Baidu (BIDU) Now Covered by Credit Suisse Group

Credit Suisse Group initiated coverage on shares of Baidu (NASDAQ:BIDU) in a report issued on Monday. The firm set an “outperform” rating on the information services provider’s stock.

BIDU has been the subject of a number of other reports. Wells Fargo reissued an “outperform” rating and set a $300.00 target price (up from $290.00) on shares of Baidu in a research note on Wednesday, February 14th. Deutsche Bank began coverage on shares of Baidu in a research note on Thursday, March 15th. They set a “buy” rating and a $319.00 target price for the company. BidaskClub raised shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research raised shares of Baidu from a “hold” rating to a “buy” rating and set a $257.00 target price for the company in a research note on Tuesday, April 17th. Finally, OTR Global lowered shares of Baidu to a “positive” rating in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Baidu presently has an average rating of “Buy” and an average target price of $260.01.

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Baidu stock traded down $0.70 during midday trading on Monday, reaching $231.80. 290,577 shares of the stock traded hands, compared to its average volume of 2,833,364. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $80,621.70, a price-to-earnings ratio of 28.76, a PEG ratio of 1.48 and a beta of 1.88. Baidu has a fifty-two week low of $173.52 and a fifty-two week high of $274.97.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trustcore Financial Services LLC bought a new stake in shares of Baidu in the 4th quarter worth approximately $109,000. Whittier Trust Co. raised its holdings in shares of Baidu by 88.5% in the 4th quarter. Whittier Trust Co. now owns 490 shares of the information services provider’s stock worth $115,000 after purchasing an additional 230 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of Baidu in the 4th quarter worth approximately $135,000. Virtue Capital Management LLC bought a new stake in shares of Baidu in the 4th quarter worth approximately $155,000. Finally, Calton & Associates Inc. bought a new stake in shares of Baidu in the 4th quarter worth approximately $182,000. Institutional investors and hedge funds own 63.17% of the company’s stock.

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Baidu Company Profile

Baidu, Inc provides Internet search services in China and internationally. It operates through two segments, Baidu Core and iQIYI. The Baidu Core segment offers products for uses, including Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services through mobile browsers; Baidu Feed that provides users with personalized timeline to meet their personal interests reflected in their past online behaviors, such as search and browsing, and their demographics; and Bear Paw Account that enables verified brands and businesses to aggregate their content from Websites, wapsites, and open-platform apps.

Analyst Recommendations for Baidu (NASDAQ:BIDU)

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