Equities research analysts at Jefferies Financial Group assumed coverage on shares of 21Vianet Group (NASDAQ:VNET) in a research note issued to investors on Tuesday, October 2nd, Marketbeat.com reports. The firm set a “buy” rating on the information technology services provider’s stock. Jefferies Financial Group also issued estimates for 21Vianet Group’s FY2018 earnings at $0.02 EPS, FY2019 earnings at $0.16 EPS and FY2020 earnings at $0.30 EPS.
Several other research firms also recently issued reports on VNET. BidaskClub upgraded shares of 21Vianet Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. Zacks Investment Research upgraded shares of 21Vianet Group from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Saturday, August 18th. Finally, Bank of America began coverage on shares of 21Vianet Group in a research note on Tuesday, September 18th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. 21Vianet Group presently has a consensus rating of “Buy” and a consensus price target of $11.00.
VNET opened at $9.55 on Tuesday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.54. 21Vianet Group has a 52-week low of $5.01 and a 52-week high of $11.54. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -39.79 and a beta of 1.94.
21Vianet Group (NASDAQ:VNET) last released its quarterly earnings data on Thursday, August 16th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). 21Vianet Group had a negative net margin of 18.44% and a positive return on equity of 2.05%. The company had revenue of $125.18 million during the quarter. On average, research analysts predict that 21Vianet Group will post 0.01 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FIL Ltd grew its stake in 21Vianet Group by 39.1% during the first quarter. FIL Ltd now owns 3,937,019 shares of the information technology services provider’s stock worth $27,283,000 after buying an additional 1,106,243 shares during the period. BlackRock Inc. lifted its position in shares of 21Vianet Group by 5.2% during the second quarter. BlackRock Inc. now owns 1,432,273 shares of the information technology services provider’s stock worth $13,892,000 after purchasing an additional 71,335 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 21Vianet Group by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,144,823 shares of the information technology services provider’s stock worth $7,934,000 after purchasing an additional 54,160 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of 21Vianet Group during the second quarter worth $8,893,000. Finally, Millennium Management LLC lifted its position in shares of 21Vianet Group by 37.5% during the first quarter. Millennium Management LLC now owns 832,763 shares of the information technology services provider’s stock worth $5,771,000 after purchasing an additional 227,158 shares in the last quarter. Institutional investors own 30.52% of the company’s stock.
About 21Vianet Group
21Vianet Group, Inc provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services.
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