21Vianet Stock Rating Upgraded by Zacks (VNET)
21Vianet (NASDAQ:VNET) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, Analyst RN reports. The firm currently has a $21.30 target price on the stock. Zacks‘ target price indicates a potential upside of 2.31% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of 21Vianet from $19.00 to $23.00 in a research note to investors on Thursday, December 19th. Separately, analysts at Pacific Crest downgraded shares of 21Vianet from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, November 26th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of 21Vianet from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, November 6th. They now have a $25.00 price target on the stock, up previously from $11.00. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. 21Vianet presently has a consensus rating of “Buy” and a consensus target price of $18.97.
21Vianet (NASDAQ:VNET) traded up 11.38% on Tuesday, hitting $23.19. 660,939 shares of the company’s stock traded hands. 21Vianet has a 52 week low of $8.52 and a 52 week high of $24.26. The stock’s 50-day moving average is $21.97 and its 200-day moving average is $17.5. The company’s market cap is $1.382 billion.
21Vianet (NASDAQ:VNET) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.00. The company had revenue of $84.00 million for the quarter, compared to the consensus estimate of $84.37 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis. Analysts expect that 21Vianet will post $0.29 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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.