GDS (NASDAQ:GDS) Stock Rating Upgraded by Wall Street Zen

by · The Cerbat Gem

GDS (NASDAQ:GDS – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

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

Read Our Latest Stock Report on GDS

GDS Price Performance

GDS opened at $22.47 on Friday. The stock has a 50-day moving average price of $31.30 and a 200-day moving average price of $34.54. GDS has a 12-month low of $22.19 and a 12-month high of $48.61. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $4.50 billion, a P/E ratio of 7.54 and a beta of 0.42.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in GDS by 8.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the company’s stock worth $157,000 after purchasing an additional 303 shares during the period. Parallel Advisors LLC lifted its position in GDS by 6.2% in the first quarter. Parallel Advisors LLC now owns 7,330 shares of the company’s stock valued at $295,000 after purchasing an additional 429 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of GDS by 73.5% during the first quarter. EverSource Wealth Advisors LLC now owns 2,160 shares of the company’s stock valued at $87,000 after purchasing an additional 915 shares during the period. Summit Securities Group LLC purchased a new stake in shares of GDS during the first quarter valued at approximately $65,000. Finally, Nykredit A S purchased a new stake in shares of GDS during the second quarter valued at approximately $63,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Company Profile

(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 and other enterprises that require secure, scalable and highly connected computing facilities.

Its services include colocation, managed hosting, cloud connectivity, network services, disaster recovery and other data center solutions. GDS operates carrier-neutral facilities designed to support customers’ mission-critical information technology systems and connect them with telecommunications carriers, cloud platforms and internet exchanges.

Founded in 2001 and headquartered in Shanghai, GDS has built its primary presence in China and has expanded internationally through its GDS International business, with operations and development activities in selected markets across Southeast Asia.

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