21Vianet Group, Inc. (NASDAQ:VNET) Given Consensus Rating of “Buy” by Brokerages

Shares of 21Vianet Group, Inc. (NASDAQ:VNET) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $27.70.

Several equities analysts have recently weighed in on VNET shares. Zacks Investment Research raised shares of 21Vianet Group from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, August 26th. HSBC initiated coverage on shares of 21Vianet Group in a research note on Monday. They issued a “hold” rating and a $18.50 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of 21Vianet Group in a research report on Tuesday, August 17th. They set an “overweight” rating and a $27.00 price objective for the company. TheStreet cut shares of 21Vianet Group from a “c” rating to a “d” rating in a research report on Wednesday, June 30th. Finally, Citigroup reduced their price objective on shares of 21Vianet Group from $43.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, August 25th.

Shares of NASDAQ:VNET opened at $16.93 on Thursday. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of -14.11 and a beta of 0.20. The firm’s 50 day simple moving average is $18.43 and its 200 day simple moving average is $21.96. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.37 and a quick ratio of 1.37. 21Vianet Group has a fifty-two week low of $14.11 and a fifty-two week high of $44.45.

21Vianet Group (NASDAQ:VNET) last announced its earnings results on Monday, August 23rd. The information technology services provider reported $3.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $3.09. The firm had revenue of $231.85 million for the quarter, compared to the consensus estimate of $228.01 million. 21Vianet Group had a negative net margin of 10.03% and a negative return on equity of 7.80%. Equities research analysts expect that 21Vianet Group will post 0.13 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Swiss National Bank raised its stake in 21Vianet Group by 0.4% in the second quarter. Swiss National Bank now owns 194,120 shares of the information technology services provider’s stock valued at $4,455,000 after purchasing an additional 800 shares in the last quarter. US Bancorp DE grew its position in 21Vianet Group by 51.3% in the second quarter. US Bancorp DE now owns 3,296 shares of the information technology services provider’s stock valued at $75,000 after acquiring an additional 1,117 shares during the last quarter. Red Door Wealth Management LLC bought a new position in 21Vianet Group in the second quarter valued at about $25,000. Loomis Sayles & Co. L P grew its position in 21Vianet Group by 1.0% in the first quarter. Loomis Sayles & Co. L P now owns 109,315 shares of the information technology services provider’s stock valued at $3,531,000 after acquiring an additional 1,127 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in 21Vianet Group by 4.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 37,400 shares of the information technology services provider’s stock valued at $858,000 after acquiring an additional 1,500 shares during the last quarter. 68.96% of the stock is owned by institutional investors and hedge funds.

21Vianet Group Company Profile

21Vianet Group, Inc is a holding company, which engages in the provision of carrier-neutral internet data center services. Its services include interconnectivity, colocation or data center managed hosting services, and cloud services. The company was founded by Sheng Chen and Jun Zhang on October 16, 1999 and is headquartered in Beijing, China.

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Analyst Recommendations for 21Vianet Group (NASDAQ:VNET)

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