GDS (GDS) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of GDS (NASDAQ:GDS) from a sell rating to a hold rating in a report published on Friday.

Several other research analysts have also commented on the company. Credit Suisse Group raised GDS from a neutral rating to an outperform rating in a research report on Wednesday, August 1st. Zacks Investment Research upgraded GDS from a sell rating to a hold rating in a research note on Tuesday, July 31st. Berenberg Bank started coverage on GDS in a research note on Thursday, September 20th. They issued a sell rating and a $16.00 target price on the stock. SunTrust Banks started coverage on GDS in a research note on Tuesday, September 18th. They issued a buy rating and a $46.00 target price on the stock. Finally, Guggenheim reiterated a buy rating and issued a $52.00 target price on shares of GDS in a research note on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. GDS presently has a consensus rating of Buy and an average target price of $38.46.

GDS opened at $27.59 on Friday. The company has a market cap of $3.43 billion, a price-to-earnings ratio of -54.10 and a beta of 3.68. GDS has a 52 week low of $17.08 and a 52 week high of $46.18. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 1.94.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Tuesday, November 13th. The company reported ($0.96) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.85). The firm had revenue of $762.80 million for the quarter, compared to analyst estimates of $706.76 million. GDS had a negative return on equity of 7.97% and a negative net margin of 17.19%. The company’s quarterly revenue was up 79.7% on a year-over-year basis. During the same period last year, the firm earned ($0.95) EPS. Equities analysts predict that GDS will post -0.43 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in GDS. Virtus Alternative Investment Advisers Inc. purchased a new position in shares of GDS in the 3rd quarter valued at approximately $142,000. Security National Trust Co. boosted its stake in shares of GDS by 100.0% in the second quarter. Security National Trust Co. now owns 4,000 shares of the company’s stock valued at $160,000 after buying an additional 2,000 shares in the last quarter. Comerica Bank purchased a new stake in shares of GDS in the second quarter valued at approximately $234,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of GDS in the second quarter valued at approximately $254,000. Finally, Centre Asset Management LLC purchased a new stake in shares of GDS in the third quarter valued at approximately $266,000. Institutional investors own 39.70% of the company’s stock.

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. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

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Analyst Recommendations for GDS (NASDAQ:GDS)

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