iQIYI, Inc. (NASDAQ:IQ – Get Free Report) has earned a consensus recommendation of “Hold” from the three brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $3.67.
A number of equities analysts have issued reports on the stock. HSBC cut shares of iQIYI from a “hold” rating to a “reduce” rating and cut their target price for the stock from $4.70 to $3.00 in a report on Tuesday, July 23rd. JPMorgan Chase & Co. dropped their price target on iQIYI from $5.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 23rd. Hsbc Global Res lowered iQIYI from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 23rd. Finally, Benchmark cut their target price on iQIYI from $9.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st.
View Our Latest Analysis on IQ
Institutional Trading of iQIYI
iQIYI Trading Down 15.6 %
iQIYI stock opened at $2.60 on Friday. iQIYI has a 1 year low of $2.56 and a 1 year high of $5.80. The firm’s 50-day moving average is $3.51 and its 200-day moving average is $4.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $2.49 billion, a P/E ratio of 9.29, a PEG ratio of 0.42 and a beta of 0.08.
iQIYI Company Profile
iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.
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