GDS (NASDAQ:GDS) Downgraded by ValuEngine

ValuEngine downgraded shares of GDS (NASDAQ:GDS) from a buy rating to a hold rating in a research report released on Tuesday morning, ValuEngine reports.

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

GDS stock opened at $41.23 on Tuesday. GDS has a 52-week low of $20.84 and a 52-week high of $43.15. The stock’s fifty day simple moving average is $39.48 and its 200-day simple moving average is $36.07. 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 stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of -80.84 and a beta of 3.04.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the 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 business had revenue of $985.20 million for the quarter, compared to analysts’ expectations of $968.38 million. During the same quarter last year, the firm earned ($0.82) earnings per share. The business’s revenue was up 54.5% on a year-over-year basis. As a group, analysts anticipate that GDS will post -0.39 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in GDS. SeaBridge Investment Advisors LLC grew its stake in shares of GDS by 100.0% during the first quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the company’s stock valued at $36,000 after acquiring an additional 500 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of GDS by 93.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,440 shares of the company’s stock valued at $54,000 after acquiring an additional 696 shares in the last quarter. Resources Investment Advisors LLC. acquired a new stake in shares of GDS during the second quarter valued at about $122,000. Cowen Prime Services LLC acquired a new stake in shares of GDS during the first quarter valued at about $143,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of GDS during the first quarter valued at about $166,000. Institutional investors own 63.24% 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, 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for GDS (NASDAQ:GDS)

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