21Vianet Sets New 1-Year High at $18.52 (VNET)
21Vianet (NASDAQ:VNET) set a new 52-week high during trading on Monday, Analyst RN reports. The stock traded as high as $18.52 and last traded at $18.48, with a volume of 174,519 shares. The stock had previously closed at $18.28.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of 21Vianet from $16.00 to $19.00 in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of 21Vianet 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. Finally, analysts at Pacific Crest raised their price target on shares of 21Vianet 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $16.30.
21Vianet has a 52 week low of $8.39 and a 52 week high of $18.50. The stock has a 50-day moving average of $15.57 and a 200-day moving average of $12.06. The company has a market cap of $1.104 billion and a price-to-earnings ratio of 304.67.
21Vianet (NASDAQ:VNET) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the 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. Analysts expect that 21Vianet will post $0.27 EPS 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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