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

News headlines about Baidu (NASDAQ:BIDU) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Baidu earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave headlines about the information services provider an impact score of 45.3997792528215 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s analysis:

Shares of Baidu (NASDAQ:BIDU) traded up $2.82 during trading on Monday, reaching $253.04. 3,040,700 shares of the company’s stock traded hands, compared to its average volume of 2,307,833. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.71 and a quick ratio of 1.71. The company has a market capitalization of $87,860.00, a PE ratio of 35.84, a price-to-earnings-growth ratio of 1.53 and a beta of 1.89. Baidu has a 1 year low of $166.00 and a 1 year high of $274.97.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of Baidu from a “sell” rating to a “hold” rating in a research note on Thursday. 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 research note on Wednesday, September 27th. reissued a “buy” rating and issued a $282.00 target price (up previously from $245.00) on shares of Baidu in a research note on Wednesday, September 27th. Wells Fargo & Co reissued an “outperform” rating and issued a $200.00 target price (down previously from $275.00) on shares of Baidu in a research note on Monday, January 8th. Finally, Vetr raised shares of Baidu from a “buy” rating to a “strong-buy” rating and set a $265.83 target price on the stock in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $234.77.

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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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