GDS (NASDAQ:GDS) Stock Bumped Down to Sell by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of GDS (NASDAQ:GDS – Free Report) from a hold rating to a sell rating in a report released on Saturday,Wall Street Zen reports.

A number of other research analysts also recently issued reports on GDS. Raymond James Financial reiterated a “strong-buy” rating and set a $51.00 price objective on shares of GDS in a report on Tuesday, September 1st. Weiss Ratings restated a “hold (c)” rating on shares of GDS in a research note on Thursday, August 13th. Finally, Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.12.

View Our Latest Report on GDS

GDS Trading Up 1.7%

GDS opened at $30.97 on Friday. The stock has a market capitalization of $6.21 billion, a P/E ratio of 14.40 and a beta of 0.42. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.22. GDS has a 12 month low of $26.97 and a 12 month high of $48.61. The firm’s fifty day simple moving average is $32.04 and its 200 day simple moving average is $35.25.

GDS (NASDAQ:GDS – Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share (EPS) for the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%. The firm had revenue of $454.51 million during the quarter. As a group, research analysts anticipate that GDS will post 2.23 EPS for the current fiscal year.

Hedge Funds Weigh In On GDS

Several hedge funds have recently modified their holdings of the stock. Irenic Capital Management LP bought a new stake in shares of GDS during the 2nd quarter worth approximately $8,498,000. BlueCrest Capital Management Ltd bought a new position in shares of GDS in the second quarter valued at $7,508,000. Triata Capital Ltd grew its stake in shares of GDS by 23.5% in the fourth quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock valued at $103,803,000 after buying an additional 566,345 shares in the last quarter. Electron Capital Partners LLC increased its holdings in GDS by 52.2% during the fourth quarter. Electron Capital Partners LLC now owns 105,448 shares of the company’s stock worth $3,680,000 after buying an additional 36,166 shares during the last quarter. Finally, Barometer Capital Management Inc. increased its holdings in GDS by 2,338.5% during the first quarter. Barometer Capital Management Inc. now owns 158,500 shares of the company’s stock worth $6,386,000 after buying an additional 152,000 shares during the last quarter. Institutional investors own 33.71% of the company’s stock.

About GDS

(Get Free Report)

GDS Holdings Limited (NASDAQ: GDS) is a developer and operator of data centers. The company provides data center infrastructure and related services to cloud service providers, internet companies, financial institutions, telecommunications carriers and multinational corporations.

Its services include wholesale and retail colocation, managed data center services, interconnection and cloud connectivity. GDS designs, builds and operates facilities intended to support customers’ critical information technology infrastructure, including cloud computing, data storage and other high-performance computing requirements.

Founded in 2001, GDS has historically focused on serving customers in China through data centers in major economic and technology centers.

Read More