GDS (NASDAQ:GDS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of GDS (NASDAQ:GDS) from a sell rating to a hold rating in a research note published on Sunday,Wall Street Zen reports.

A number of other analysts also recently commented on GDS. Raymond James Financial reiterated a “strong-buy” rating and issued a $51.00 price objective on shares of GDS in a report on Tuesday, September 1st. Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.12.

GDS Trading Up 3.8%

Shares of GDS opened at $23.33 on Friday. GDS has a 52-week low of $22.19 and a 52-week high of $48.61. The stock has a market cap of $4.67 billion, a PE ratio of 7.34 and a beta of 0.42. The firm’s fifty day moving average is $31.11 and its two-hundred day moving average is $34.41. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.22.

GDS (NASDAQ:GDS) last released its earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $454.51 million during the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. Research analysts forecast that GDS will post 2.23 earnings per share for the current fiscal year.

Institutional Trading of GDS

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Carrhae Capital LLP lifted its holdings in GDS by 51.1% in the second quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock valued at $99,112,000 after acquiring an additional 1,115,757 shares during the last quarter. Bank of America Corp DE grew its position in GDS by 25.5% in the first quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock worth $87,723,000 after acquiring an additional 442,414 shares during the period. WCM Investment Management LLC acquired a new stake in GDS during the first quarter worth $68,092,000. Hsbc Holdings PLC increased its stake in GDS by 294.4% during the first quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock worth $48,746,000 after acquiring an additional 911,191 shares during the last quarter. Finally, Electron Capital Partners LLC increased its stake in GDS by 640.6% during the first quarter. Electron Capital Partners LLC now owns 780,979 shares of the company’s stock worth $31,466,000 after acquiring an additional 675,531 shares during the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

About GDS

GDS Holdings Limited (NASDAQ: GDS) is a developer and operator of data centers. The company provides data center infrastructure and related services to cloud service providers, internet companies, financial institutions and other enterprises that require secure, scalable and highly connected computing facilities.

Its services include colocation, managed hosting, cloud connectivity, network services, disaster recovery and other data center solutions. GDS operates carrier-neutral facilities designed to support customers’ mission-critical information technology systems and connect them with telecommunications carriers, cloud platforms and internet exchanges.

Founded in 2001 and headquartered in Shanghai, GDS has built its primary presence in China and has expanded internationally through its GDS International business, with operations and development activities in selected markets across Southeast Asia.