Mizuho Forecasts Strong Price Appreciation for Baidu (NASDAQ:BIDU) Stock

Baidu (NASDAQ:BIDU) had its target price boosted by stock analysts at Mizuho from $95.00 to $105.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the information services provider’s stock. Mizuho’s price target would indicate a potential upside of 16.46% from the company’s current price.

BIDU has been the subject of a number of other research reports. Susquehanna cut shares of Baidu from a “positive” rating to a “neutral” rating and cut their target price for the stock from $105.00 to $85.00 in a research note on Monday, November 25th. Nomura lowered Baidu from a “buy” rating to a “neutral” rating in a research note on Wednesday. StockNews.com raised Baidu from a “hold” rating to a “buy” rating in a report on Friday, December 27th. Barclays lifted their price target on Baidu from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Finally, Citigroup reduced their price objective on Baidu from $142.00 to $141.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Baidu currently has an average rating of “Hold” and an average target price of $111.25.

Baidu Price Performance

Shares of NASDAQ BIDU opened at $90.16 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.19. The firm has a fifty day moving average of $87.10 and a 200 day moving average of $88.79. The firm has a market cap of $31.61 billion, a PE ratio of 11.04, a PEG ratio of 2.23 and a beta of 0.46. Baidu has a one year low of $77.19 and a one year high of $116.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in Baidu by 5.2% during the third quarter. Advisors Asset Management Inc. now owns 2,818 shares of the information services provider’s stock worth $297,000 after purchasing an additional 140 shares during the period. Denver PWM LLC raised its position in shares of Baidu by 28.5% during the 3rd quarter. Denver PWM LLC now owns 991 shares of the information services provider’s stock valued at $104,000 after buying an additional 220 shares during the period. Intellectus Partners LLC raised its position in shares of Baidu by 1.4% during the 4th quarter. Intellectus Partners LLC now owns 16,773 shares of the information services provider’s stock valued at $1,414,000 after buying an additional 235 shares during the period. US Bancorp DE lifted its holdings in Baidu by 7.2% in the fourth quarter. US Bancorp DE now owns 4,036 shares of the information services provider’s stock valued at $340,000 after acquiring an additional 270 shares during the last quarter. Finally, GeoWealth Management LLC grew its position in Baidu by 88.5% in the fourth quarter. GeoWealth Management LLC now owns 656 shares of the information services provider’s stock worth $55,000 after acquiring an additional 308 shares during the period.

About Baidu

Baidu, Inc engages in the provision of internet search services in China. It operates through two segments: Baidu Core and iQIYI. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; Baidu Health that helps users to find the doctor and hospital for healthcare needs; and Haokan, a short video app.