Baidu (BIDU) Given Daily Coverage Optimism Score of 0.29

Media headlines about Baidu (NASDAQ:BIDU) have trended positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Baidu earned a news impact score of 0.29 on Accern’s scale. Accern also gave news stories about the information services provider an impact score of 44.7358693926126 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Baidu (BIDU) opened at 264.90 on Friday. The stock’s 50 day moving average price is $245.49 and its 200-day moving average price is $206.09. The company has a market cap of $91.86 billion, a P/E ratio of 48.29 and a beta of 1.99. Baidu has a 52-week low of $159.54 and a 52-week high of $269.80.

BIDU has been the topic of several recent research reports. TheStreet raised Baidu from a “c+” rating to a “b” rating in a report on Monday, July 31st. Nomura raised Baidu from a “neutral” rating to a “buy” rating and set a $241.00 price objective on the stock in a report on Monday, July 31st. HSBC Holdings plc reissued a “buy” rating and set a $245.00 price objective (up previously from $223.00) on shares of Baidu in a report on Tuesday, August 1st. Vetr raised Baidu from a “sell” rating to a “buy” rating and set a $244.58 price objective on the stock in a report on Monday, July 31st. Finally, Instinet raised Baidu from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $241.00 in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. Baidu currently has a consensus rating of “Buy” and an average price target of $229.45.

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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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