Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Baidu (BIDU) Stock Price

News coverage about Baidu (NASDAQ:BIDU) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Baidu earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 45.277495068596 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

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

Shares of Baidu (BIDU) traded up $1.02 on Friday, reaching $255.98. 1,824,214 shares of the company’s stock traded hands, compared to its average volume of 2,220,000. The stock has a market cap of $88,880.00, a PE ratio of 36.00, a P/E/G ratio of 1.54 and a beta of 1.89. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34. Baidu has a fifty-two week low of $166.00 and a fifty-two week high of $274.97.

BIDU has been the topic of a number of research analyst reports. Bank of America reissued a “buy” rating and issued a $301.00 price target on shares of Baidu in a report on Sunday, November 19th. Zacks Investment Research raised shares of Baidu from a “hold” rating to a “buy” rating and set a $265.00 target price on the stock in a report on Wednesday, September 27th. reaffirmed a “buy” rating and set a $282.00 target price (up previously from $245.00) on shares of Baidu in a report on Wednesday, September 27th. UBS Group raised shares of Baidu from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Finally, Jefferies Group increased their target price on shares of Baidu from $232.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $237.26.

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Baidu Company Profile

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.

Insider Buying and Selling by Quarter for Baidu (NASDAQ:BIDU)

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