GDS (NASDAQ:GDS) Downgraded to “Hold” at ValuEngine

ValuEngine cut shares of GDS (NASDAQ:GDS) from a buy rating to a hold rating in a research note issued to investors on Tuesday, ValuEngine reports.

GDS has been the topic of a number of other research reports. BidaskClub cut GDS from a buy rating to a hold rating in a report on Tuesday, August 6th. Royal Bank of Canada lifted their price target on GDS to $58.00 and gave the company an outperform rating in a report on Wednesday, August 14th. They noted that the move was a valuation call. Zacks Investment Research raised GDS from a hold rating to a buy rating and set a $46.00 price target on the stock in a report on Monday. Finally, TheStreet cut GDS from a c- rating to a d rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. GDS has a consensus rating of Buy and a consensus price target of $42.17.

Shares of GDS stock opened at $41.23 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.56. The business has a 50 day moving average of $39.48 and a two-hundred day moving average of $36.07. GDS has a 52 week low of $20.84 and a 52 week high of $43.15. The company has a market cap of $4.86 billion, a P/E ratio of -80.84 and a beta of 3.04.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDS. Singapore Technologies Telemedia Pte Ltd raised its holdings in shares of GDS by 88.7% during the first quarter. Singapore Technologies Telemedia Pte Ltd now owns 13,560,955 shares of the company’s stock valued at $483,990,000 after buying an additional 6,373,134 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of GDS by 94.4% during the first quarter. American Century Companies Inc. now owns 5,617,248 shares of the company’s stock valued at $200,480,000 after buying an additional 2,728,377 shares during the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of GDS during the first quarter valued at approximately $60,018,000. Nuveen Asset Management LLC raised its holdings in shares of GDS by 207.3% during the second quarter. Nuveen Asset Management LLC now owns 1,808,481 shares of the company’s stock valued at $67,944,000 after buying an additional 1,220,022 shares during the last quarter. Finally, FACTORIAL MANAGEMENT Ltd bought a new stake in shares of GDS during the first quarter valued at approximately $968,000. 63.24% of the stock is currently owned by institutional investors.

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.

See Also: Market Timing – The Benefits and the Danger

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for GDS (NASDAQ:GDS)

Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.