Baidu (NASDAQ:BIDU) Receives Daily Coverage Optimism Score of 0.17 – Dispatch Tribunal

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News coverage about Baidu (NASDAQ:BIDU) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Baidu earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the information services provider an impact score of 46.4519614873033 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Shares of Baidu (NASDAQ:BIDU) traded down 0.89% during trading on Friday, hitting $235.21. 5,230,285 shares of the stock traded hands. Baidu has a 52-week low of $159.54 and a 52-week high of $239.16. The firm has a market cap of $81.56 billion, a PE ratio of 43.37 and a beta of 1.98. The company’s 50 day moving average is $226.89 and its 200 day moving average is $192.20.

BIDU has been the topic of a number of research analyst reports. Vetr upgraded shares of Baidu from a “sell” rating to a “strong-buy” rating and set a $265.83 target price for the company in a research report on Wednesday, September 6th. Deutsche Bank AG reiterated a “hold” rating and issued a $201.00 price objective (up previously from $186.00) on shares of Baidu in a research report on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $208.00 price objective on shares of Baidu in a research report on Saturday, July 22nd. Erste Group upgraded shares of Baidu from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. Finally, Instinet upgraded shares of Baidu from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $241.00 in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $213.36.

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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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