iQIYI, Inc. Analysts Maintain 'Hold' Rating

iQIYI, Inc. (NASDAQ:IQ) has received an average analyst recommendation of "Hold" from the eight firms currently covering the stock, according to recent reports. Out of these analysts, one has issued a sell rating, six have rated the stock as hold, and one has given a buy recommendation. The average price target for iQIYI’s stock over the next year is set at $2.91.

Recent Analyst Opinions

Several research analysts have shared their thoughts on iQIYI's stock. For instance, Citigroup lowered its price target for iQIYI from $3.00 to $2.80 while also maintaining a "buy" rating in a report released on January 16. Additionally, Benchmark reaffirmed a "hold" rating for the stock on January 24, whereas OTR Global issued a "negative" rating on January 8. On November 22, JPMorgan Chase cut its target price from $2.50 to $1.80 and assigned a "neutral" rating. Finally, HSBC upgraded iQIYI from a "reduce" rating to a "hold" and set a target price of $2.15 on January 16.

Current Performance Metrics

The shares of iQIYI opened at $2.38 on a recent Friday. The company's stock has demonstrated a low of $1.82 and a high of $5.80 over the past year. iQIYI holds a market capitalization of $2.28 billion and has a price-to-earnings (P/E) ratio of 11.90, along with a price-to-earnings-growth (PEG) ratio of 3.76. Furthermore, it has a beta of 0.03, a quick ratio of 0.45, and a current ratio of 0.45, with a debt-to-equity ratio of 0.65. The fifty-day moving average for the stock is $2.11, while the 200-day moving average stands at $2.40.

Recent Earnings Announcement

iQIYI recently reported its quarterly earnings on November 21. The company announced earnings per share (EPS) of $0.06, which exceeded the consensus estimate of $0.04 by $0.02. iQIYI reported a net margin of 4.69% and a return on equity of 13.26%. In the same quarter last year, the company had posted an EPS of $0.07. Analysts expect that iQIYI will report an EPS of $0.14 for the current fiscal year.

Investments and Shareholder Activity

About iQIYI, Inc.

iQIYI, Inc., along with its subsidiaries, provides various online entertainment video services primarily in the People's Republic of China. Their offerings include online video, online games, online literature, animations, and additional products. The company operates a platform that aggregates internet video content, encompassing both professionally produced content from licensed content providers and self-produced material.

iQIYI, stocks, analysts