Baidu (NASDAQ:BIDU) Getting Somewhat Favorable Media Coverage, Analysis Shows
Press coverage about Baidu (NASDAQ:BIDU) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Baidu earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 46.3222707417636 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- These Techs Have Left FAANG Stocks in the Dust – Investopedia (investopedia.com)
- Baidu, Inc. – American Deposita (BIDU) Hits New 52-Week High – Modern Readers (modernreaders.com)
- PM CAPITAL Ltd Has $3.27 Million Stake in Baidu, Inc. (NASDAQ:BIDU) (topactu.net)
- Baidu, Inc. (BIDU) Position Raised by Seven Bridges Advisors LLC (fishinghd.com)
- With its Stock up Over 25% in the Past Month, Is Baidu Overpriced? (baystreet.ca)
BIDU has been the subject of a number of analyst reports. Vetr lowered Baidu from a “strong-buy” rating to a “buy” rating and set a $199.19 price objective for the company. in a research report on Monday, May 8th. Deutsche Bank AG reaffirmed a “hold” rating and set a $201.00 price objective (up previously from $186.00) on shares of Baidu in a research report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $208.00 price objective on shares of Baidu in a research report on Saturday, July 22nd. Instinet raised Baidu from a “neutral” rating to a “buy” rating and raised their price objective for the company from $180.00 to $241.00 in a research report on Monday, July 31st. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $190.00 price objective on shares of Baidu in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $209.80.
Baidu (NASDAQ BIDU) traded up 0.37% during trading on Wednesday, hitting $230.30. The stock had a trading volume of 2,514,579 shares. The company’s 50 day moving average is $187.72 and its 200 day moving average is $181.17. Baidu has a 52-week low of $159.54 and a 52-week high of $230.49. The firm has a market cap of $79.86 billion, a PE ratio of 43.16 and a beta of 1.95.
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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