GDS (NASDAQ:GDS) Rating Lowered to Hold at BidaskClub

BidaskClub downgraded shares of GDS (NASDAQ:GDS) from a buy rating to a hold rating in a research report sent to investors on Tuesday, BidAskClub reports.

Several other analysts also recently weighed in on GDS. Guggenheim set a $57.00 target price on shares of GDS and gave the stock a buy rating in a research report on Thursday, September 12th. Zacks Investment Research raised shares of GDS from a hold rating to a buy rating and set a $46.00 target price on the stock in a research report on Monday, August 19th. ValuEngine downgraded shares of GDS from a buy rating to a hold rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada boosted their target price on shares of GDS to $58.00 and gave the stock an outperform rating in a research report on Wednesday, August 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. GDS presently has a consensus rating of Buy and a consensus price target of $50.75.

NASDAQ:GDS traded up $0.53 during trading hours on Tuesday, hitting $41.33. 390,144 shares of the company were exchanged, compared to its average volume of 899,628. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of -81.04 and a beta of 3.02. GDS has a 52-week low of $20.84 and a 52-week high of $45.13. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.01 and a quick ratio of 2.01. The company’s 50 day moving average price is $41.40 and its 200-day moving average price is $38.16.

GDS (NASDAQ:GDS) last released its earnings results on Tuesday, August 13th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.03. The company had revenue of $985.20 million for the quarter, compared to the consensus estimate of $968.38 million. GDS had a negative net margin of 13.61% and a negative return on equity of 6.70%. GDS’s revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.82) EPS. On average, equities analysts predict that GDS will post -0.39 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Pictet Asset Management Ltd. boosted its holdings in shares of GDS by 2.2% in the 2nd quarter. Pictet Asset Management Ltd. now owns 856,430 shares of the company’s stock valued at $32,176,000 after acquiring an additional 18,746 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of GDS by 398.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 987,232 shares of the company’s stock valued at $37,090,000 after purchasing an additional 789,363 shares during the period. Aperio Group LLC lifted its stake in shares of GDS by 61.6% in the 2nd quarter. Aperio Group LLC now owns 34,650 shares of the company’s stock valued at $1,302,000 after purchasing an additional 13,208 shares during the period. FMR LLC lifted its stake in shares of GDS by 13.5% in the 1st quarter. FMR LLC now owns 2,681,325 shares of the company’s stock valued at $95,696,000 after purchasing an additional 319,481 shares during the period. Finally, US Bancorp DE lifted its stake in shares of GDS by 19,014.3% in the 2nd quarter. US Bancorp DE now owns 6,690 shares of the company’s stock valued at $251,000 after purchasing an additional 6,655 shares during the period. 69.37% of the stock is currently owned by institutional investors and hedge funds.

GDS Company Profile

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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