GDS (NASDAQ:GDS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports. The brokerage currently has a $59.00 price objective on the stock. Zacks Investment Research‘s target price indicates a potential upside of 14.39% from the stock’s current price.
According to Zacks, “GDS Holdings Limited provides information technology service. It offers integrated solutions, consulting, service and training including data center hosting, IT management and operation outsourcing, business continuity management, disaster recovery and cloud computing services. The company operates primarily in Shanghai, Beijing, Shenzhen, Guangzhou and Chengdu. GDS Holdings Limited is headquartered in Shanghai, the People’s Republic of China. “
A number of other equities research analysts also recently weighed in on GDS. BidaskClub downgraded shares of GDS from a “strong-buy” rating to a “buy” rating in a research note on Friday. SunTrust Banks reissued a “buy” rating and set a $55.00 price target on shares of GDS in a research note on Friday, December 13th. TheStreet raised shares of GDS from a “d+” rating to a “c-” rating in a research note on Friday, October 11th. ValuEngine downgraded shares of GDS from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. Finally, Royal Bank of Canada boosted their price target on shares of GDS from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $57.14.
Shares of GDS traded down $0.85 on Tuesday, reaching $51.58. 3,467,746 shares of the company’s stock were exchanged, compared to its average volume of 1,404,922. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $6.06 billion, a P/E ratio of -101.14 and a beta of 3.00. The business has a 50 day moving average price of $50.06 and a two-hundred day moving average price of $43.25. GDS has a 12 month low of $25.08 and a 12 month high of $54.46.
GDS (NASDAQ:GDS) last posted its quarterly earnings results on Thursday, November 14th. The company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.03). The business had revenue of $149.17 million for the quarter, compared to the consensus estimate of $148.94 million. GDS had a negative return on equity of 5.97% and a negative net margin of 12.27%. Equities research analysts predict that GDS will post -0.44 EPS for the current year.
Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in GDS by 93.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,440 shares of the company’s stock valued at $54,000 after purchasing an additional 696 shares in the last quarter. Harvest Investment Services LLC acquired a new position in shares of GDS in the third quarter valued at approximately $201,000. Atlas Capital Advisors LLC boosted its holdings in shares of GDS by 1,316.6% in the third quarter. Atlas Capital Advisors LLC now owns 5,213 shares of the company’s stock valued at $209,000 after buying an additional 4,845 shares during the period. Voya Investment Management LLC boosted its holdings in shares of GDS by 4.8% in the third quarter. Voya Investment Management LLC now owns 6,151 shares of the company’s stock valued at $247,000 after buying an additional 279 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of GDS by 19,014.3% in the second quarter. US Bancorp DE now owns 6,690 shares of the company’s stock valued at $251,000 after buying an additional 6,655 shares during the period. 71.15% of the stock is owned by hedge funds and other 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.
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