21Vianet Given New $19.00 Price Target at Canaccord Genuity (VNET)
Investment analysts at Canaccord Genuity raised their target price on shares of 21Vianet (NASDAQ:VNET) from $16.00 to $19.00 in a note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective suggests a potential upside of 6.56% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of 21Vianet (NASDAQ:VNET) from $14.00 to $16.00 in a research note to investors on Wednesday, August 21st. They now have a “buy” rating on the stock. Analysts at Pacific Crest raised their price target on shares of 21Vianet (NASDAQ:VNET) from $13.00 to $18.00 in a research note to investors on Wednesday, August 21st. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $16.30.
21Vianet (NASDAQ:VNET) traded up 4.82% on Friday, hitting $17.83. The stock had a trading volume of 407,482 shares. 21Vianet has a 1-year low of $8.39 and a 1-year high of $17.28. The stock’s 50-day moving average is $14.92 and its 200-day moving average is $11.7. The company has a market cap of $1.053 billion and a price-to-earnings ratio of 283.50.
21Vianet (NASDAQ:VNET) last announced its earnings results on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.03. The company had revenue of $76.80 million for the quarter, compared to the consensus estimate of $76.17 million. During the same quarter last year, the company posted $0.12 earnings per share. 21Vianet’s revenue was up 29.3% compared to the same quarter last year. On average, analysts predict that 21Vianet will post $0.27 earnings per share for the current fiscal year.
21Vianet Group, Inc, formerly AsiaCloud Inc, is a holding company. The Company is a carrier-neutral Internet data center services provider in the People’s Republic of China.
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