GDS (GDS) Cut to Sell at BidaskClub

BidaskClub downgraded shares of GDS (NASDAQ:GDS) from a hold rating to a sell rating in a research report released on Saturday morning.

Several other equities analysts have also issued reports on GDS. Raymond James assumed coverage on GDS in a research report on Thursday, July 12th. They set a strong-buy rating and a $53.00 price target on the stock. Zacks Investment Research lowered GDS from a hold rating to a sell rating in a research report on Monday, July 2nd. Guggenheim assumed coverage on GDS in a research report on Thursday, June 14th. They set a buy rating and a $50.00 price target on the stock. SunTrust Banks assumed coverage on GDS in a research report on Tuesday, September 18th. They set a buy rating and a $46.00 price target on the stock. Finally, TheStreet lowered GDS from a c rating to a d+ rating in a research report on Tuesday, July 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. GDS has a consensus rating of Buy and an average price target of $38.46.

Shares of GDS stock opened at $26.42 on Friday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market cap of $4.13 billion, a PE ratio of -51.80 and a beta of 2.69. GDS has a 12 month low of $11.94 and a 12 month high of $46.18.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Tuesday, August 14th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The firm had revenue of $96.34 million for the quarter, compared to the consensus estimate of $92.48 million. GDS had a negative net margin of 18.51% and a negative return on equity of 8.53%. Research analysts forecast that GDS will post -0.41 EPS for the current year.

Several hedge funds have recently modified their holdings of GDS. Wells Fargo & Company MN grew its position in shares of GDS by 309.0% in the 1st quarter. Wells Fargo & Company MN now owns 33,193 shares of the company’s stock worth $911,000 after buying an additional 25,078 shares during the last quarter. Northern Trust Corp lifted its stake in shares of GDS by 376.9% in the 1st quarter. Northern Trust Corp now owns 71,008 shares of the company’s stock valued at $1,949,000 after purchasing an additional 56,117 shares during the period. BlackRock Inc. lifted its stake in shares of GDS by 263.9% in the 1st quarter. BlackRock Inc. now owns 977,341 shares of the company’s stock valued at $26,829,000 after purchasing an additional 708,783 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of GDS by 47.9% in the 1st quarter. JPMorgan Chase & Co. now owns 133,053 shares of the company’s stock valued at $3,652,000 after purchasing an additional 43,085 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of GDS by 611.2% in the 1st quarter. Citigroup Inc. now owns 24,629 shares of the company’s stock valued at $677,000 after purchasing an additional 21,166 shares during the period. Hedge funds and other institutional investors own 39.28% 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. 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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