GDS (NASDAQ:GDS) Upgraded at BidaskClub

BidaskClub upgraded shares of GDS (NASDAQ:GDS) from a hold rating to a buy rating in a research note published on Wednesday, BidAskClub reports.

Other research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of GDS from a hold rating to a buy rating and set a $46.00 price target on the stock in a research note on Monday, August 19th. ValuEngine lowered shares of GDS from a buy rating to a hold rating in a research report on Tuesday. TheStreet lowered shares of GDS from a c- rating to a d rating in a research report on Monday, May 6th. Finally, Royal Bank of Canada upped 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 six have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $42.17.

Shares of GDS stock opened at $40.14 on Wednesday. GDS has a 52-week low of $20.84 and a 52-week high of $43.15. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.56. The company’s 50-day simple moving average is $39.51 and its 200-day simple moving average is $36.13.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Singapore Technologies Telemedia Pte Ltd grew its position in GDS by 88.7% during the first quarter. Singapore Technologies Telemedia Pte Ltd now owns 13,560,955 shares of the company’s stock worth $483,990,000 after buying an additional 6,373,134 shares during the period. American Century Companies Inc. lifted its holdings in shares of GDS by 94.4% in the first quarter. American Century Companies Inc. now owns 5,617,248 shares of the company’s stock valued at $200,480,000 after purchasing an additional 2,728,377 shares in the last quarter. FMR LLC lifted its holdings in shares of GDS by 13.5% in the first 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 in the last quarter. Federated Investors Inc. PA lifted its holdings in shares of GDS by 4.2% in the first quarter. Federated Investors Inc. PA now owns 2,455,000 shares of the company’s stock valued at $87,619,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings in shares of GDS by 5.0% in the second quarter. Bamco Inc. NY now owns 2,213,976 shares of the company’s stock valued at $83,179,000 after purchasing an additional 106,417 shares in the last quarter. Institutional investors own 63.24% of the company’s stock.

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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Analyst Recommendations for GDS (NASDAQ:GDS)

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