GDS (NASDAQ:GDS) Upgraded 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 note issued to investors on Saturday.

A number of other equities research analysts have also commented on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a report on Tuesday, January 13th. Morgan Stanley reissued an “overweight” rating and set a $64.00 price target on shares of GDS in a research note on Tuesday, March 17th. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research note on Friday, March 27th. Finally, Zacks Research upgraded GDS from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $49.90.

GDS Stock Performance

GDS stock opened at $39.91 on Friday. The business has a fifty day moving average price of $43.40 and a 200 day moving average price of $38.73. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.60 and a quick ratio of 2.51. GDS has a fifty-two week low of $16.92 and a fifty-two week high of $48.61. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 76.75 and a beta of 0.46.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Saturday, February 14th. The company reported ($0.35) EPS for the quarter. GDS had a return on equity of 8.72% and a net margin of 8.12%.The business had revenue of $417.60 million during the quarter. Analysts expect that GDS will post -0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On GDS

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. bought a new stake in shares of GDS during the 1st quarter valued at $25,000. NewEdge Advisors LLC bought a new stake in GDS in the first quarter valued at about $25,000. Assetmark Inc. lifted its stake in GDS by 1,123.2% in the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after buying an additional 629 shares during the period. Leonteq Securities AG bought a new position in GDS during the fourth quarter worth about $34,000. Finally, Hantz Financial Services Inc. boosted its holdings in GDS by 165.0% during the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $53,000 after buying an additional 850 shares during the last quarter. 33.71% of the stock is owned by institutional investors.

GDS Company Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.