GDS (NASDAQ:GDS) Raised to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of GDS (NASDAQ:GDS) from a sell rating to a hold rating in a research report released on Wednesday.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group raised GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, March 18th. Raymond James raised GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a report on Thursday, March 20th. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of GDS in a report on Wednesday. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Citigroup reissued an “outperform” rating on shares of GDS in a report on Thursday, March 20th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $39.48.

GDS Trading Up 1.2%

Shares of GDS opened at $28.50 on Wednesday. GDS has a 12-month low of $7.35 and a 12-month high of $52.50. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of -9.34 and a beta of 0.28. The stock’s 50-day moving average price is $24.71 and its 200 day moving average price is $25.88.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.70. The firm had revenue of $375.14 million for the quarter, compared to analyst estimates of $2.72 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.96) earnings per share. As a group, research analysts predict that GDS will post -0.89 earnings per share for the current year.

Institutional Investors Weigh In On GDS

Several hedge funds have recently bought and sold shares of GDS. Advisors Asset Management Inc. bought a new position in GDS in the 1st quarter valued at about $25,000. Brooklyn Investment Group raised its holdings in GDS by 2,390.0% in the 1st quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock valued at $25,000 after acquiring an additional 956 shares during the period. NewEdge Advisors LLC bought a new position in GDS in the 1st quarter valued at about $25,000. Summit Securities Group LLC bought a new position in GDS in the 1st quarter valued at about $26,000. Finally, PNC Financial Services Group Inc. raised its holdings in GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after acquiring an additional 672 shares during the period. 33.71% of the stock is currently owned by institutional investors and hedge funds.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.