Baidu (BIDU) Earning Somewhat Positive Media Coverage, Analysis Finds

News stories about Baidu (NASDAQ:BIDU) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Baidu earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 46.5928445716073 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

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

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Baidu from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research report on Wednesday, September 27th. reissued a “buy” rating and set a $245.00 target price (up from $223.00) on shares of Baidu in a research note on Tuesday, August 1st. Instinet raised shares of Baidu from a “neutral” rating to a “buy” rating and boosted their target price for the company from $180.00 to $241.00 in a research note on Monday, July 31st. TheStreet raised shares of Baidu from a “c+” rating to a “b” rating in a research note on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. boosted their target price on shares of Baidu from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $234.70.

Shares of Baidu (BIDU) opened at $234.92 on Wednesday. The stock has a market cap of $82,310.42, a price-to-earnings ratio of 30.05, a P/E/G ratio of 1.41 and a beta of 1.94. Baidu has a fifty-two week low of $160.79 and a fifty-two week high of $274.97. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.34.

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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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