Analysts Set Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) Target Price at $17.27

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $17.2667.

Several research analysts recently issued reports on KC shares. Zacks Research upgraded shares of Kingsoft Cloud from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of Kingsoft Cloud in a research report on Tuesday, September 16th. They issued a “buy” rating and a $21.00 target price for the company. Wall Street Zen upgraded shares of Kingsoft Cloud from a “sell” rating to a “hold” rating in a research report on Sunday, August 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a research report on Wednesday. Finally, Bank of America upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 9th.

Institutional Trading of Kingsoft Cloud

Several institutional investors have recently added to or reduced their stakes in KC. First Horizon Advisors Inc. purchased a new stake in Kingsoft Cloud during the second quarter valued at about $27,000. Compagnie Lombard Odier SCmA purchased a new stake in Kingsoft Cloud during the first quarter valued at about $65,000. Bayforest Capital Ltd purchased a new stake in Kingsoft Cloud during the first quarter valued at about $78,000. Farther Finance Advisors LLC purchased a new stake in Kingsoft Cloud during the second quarter valued at about $100,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in Kingsoft Cloud during the first quarter valued at about $104,000. 13.40% of the stock is currently owned by hedge funds and other institutional investors.

Kingsoft Cloud Trading Down 10.8%

Kingsoft Cloud stock opened at $12.63 on Friday. The stock has a market cap of $3.53 billion, a P/E ratio of -11.08 and a beta of 2.14. Kingsoft Cloud has a fifty-two week low of $2.57 and a fifty-two week high of $22.26. The firm’s fifty day moving average price is $14.83 and its 200-day moving average price is $13.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.