GDS (NASDAQ:GDS) Rating Lowered to Hold at Zacks Research

GDS (NASDAQ:GDS) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

GDS has been the topic of several other reports. Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Morgan Stanley reissued an “overweight” rating and issued a $64.00 target price on shares of GDS in a report on Tuesday, March 17th. Finally, Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.90.

GDS Price Performance

Shares of GDS stock opened at $40.41 on Monday. The firm has a market cap of $7.86 billion, a P/E ratio of 77.71 and a beta of 0.46. GDS has a fifty-two week low of $22.53 and a fifty-two week high of $48.61. The business’s 50 day moving average price is $42.70 and its 200-day moving average price is $39.94. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.60 and a current ratio of 2.60.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Wednesday, May 20th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. GDS had a return on equity of 8.79% and a net margin of 8.12%.The firm had revenue of $426.13 million for the quarter, compared to analyst estimates of $436.44 million. On average, equities research analysts anticipate that GDS will post 1.16 earnings per share for the current year.

Institutional Trading of GDS

A number of hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in GDS by 3.5% during the fourth quarter. Parallel Advisors LLC now owns 6,901 shares of the company’s stock valued at $241,000 after purchasing an additional 236 shares during the period. PNC Financial Services Group Inc. grew its holdings in GDS by 8.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the company’s stock valued at $157,000 after purchasing an additional 303 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in GDS by 3.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,388 shares of the company’s stock valued at $390,000 after purchasing an additional 388 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in GDS by 3.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company’s stock valued at $557,000 after purchasing an additional 468 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in GDS by 41.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after purchasing an additional 531 shares during the period. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Company Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.