Shares of VNET Group, Inc. – Unsponsored ADR (NASDAQ:VNET – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $16.90.
A number of research firms have recently issued reports on VNET. Wall Street Zen downgraded shares of VNET Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Morgan Stanley restated an “overweight” rating and set a $14.00 price target on shares of VNET Group in a research report on Wednesday, August 19th. Weiss Ratings cut VNET Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of VNET Group in a report on Tuesday, July 7th. They issued a “buy” rating and a $12.50 target price on the stock.
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VNET Group Price Performance
NASDAQ:VNET opened at $5.13 on Monday. The stock’s fifty day moving average is $6.65 and its two-hundred day moving average is $8.07. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.35. The company has a market capitalization of $1.39 billion, a P/E ratio of -3.61 and a beta of 0.23. VNET Group has a 52 week low of $5.10 and a 52 week high of $14.48.
VNET Group (NASDAQ:VNET – Get Free Report) last posted its earnings results on Wednesday, August 19th. The information technology services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). The company had revenue of $409.00 million during the quarter, compared to analyst estimates of $401.77 million. VNET Group had a negative net margin of 22.29% and a negative return on equity of 36.25%. Equities analysts expect that VNET Group will post -0.48 EPS for the current year.
About VNET Group
VNET Group, Inc (NASDAQ:VNET) is a carrier- and cloud-neutral data center services provider in China. The company develops and operates internet data centers that support the hosting, connectivity, and technology infrastructure needs of businesses, government organizations, cloud service providers, and internet companies.
Its services include data center colocation, cloud computing, managed network services, and other information technology infrastructure solutions. VNET’s facilities are designed to provide customers with secure space, power, connectivity, and related operational support for servers and other mission-critical systems.
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