GDS (NASDAQ:GDS) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of GDS (NASDAQ:GDS) from a hold rating to a buy rating in a report released on Friday, BidAskClub reports.

Several other brokerages also recently weighed in on GDS. TheStreet downgraded shares of Stitch Fix from a c- rating to a d+ rating in a research report on Monday, May 6th. Zacks Investment Research downgraded shares of HENGAN INTL GRP/ADR from a strong-buy rating to a hold rating in a research report on Tuesday, May 21st. Finally, ValuEngine upgraded shares of Zogenix from a buy rating to a strong-buy rating in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $39.33.

Shares of GDS stock opened at $39.74 on Friday. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of -77.92 and a beta of 3.04. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.22 and a current ratio of 2.22. GDS has a 1-year low of $18.59 and a 1-year high of $45.38. The business’s fifty day moving average is $35.99.



GDS (NASDAQ:GDS) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.05). GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The business had revenue of $891.80 million during the quarter, compared to analyst estimates of $888.42 million. During the same period last year, the firm posted ($0.71) earnings per share. The company’s quarterly revenue was up 58.6% on a year-over-year basis. Equities research analysts predict that GDS will post -0.48 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of GDS by 22.0% during the 4th quarter. BlackRock Inc. now owns 3,918,103 shares of the company’s stock valued at $90,469,000 after purchasing an additional 706,695 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of GDS by 12.2% during the 4th quarter. Raymond James & Associates now owns 57,308 shares of the company’s stock valued at $1,323,000 after purchasing an additional 6,212 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in GDS by 30.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 39,000 shares of the company’s stock worth $846,000 after acquiring an additional 9,200 shares during the last quarter. Geode Capital Management LLC raised its stake in GDS by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 145,753 shares of the company’s stock worth $3,347,000 after acquiring an additional 10,172 shares during the last quarter. Finally, Barclays PLC raised its stake in GDS by 3.6% in the 4th quarter. Barclays PLC now owns 85,396 shares of the company’s stock worth $1,972,000 after acquiring an additional 2,996 shares during the last quarter. 62.42% of the stock is currently owned by institutional investors and hedge funds.

About GDS

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.

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Analyst Recommendations for GDS (NASDAQ:GDS)

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