GDS (NASDAQ:GDS) Upgraded at Wall Street Zen
by Doug Wharley · The Cerbat GemWall Street Zen upgraded shares of GDS (NASDAQ:GDS – Free Report) from a sell rating to a hold rating in a research report released on Saturday morning.
Several other equities research analysts have also issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Zacks Research raised GDS from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $49.90.
GDS Price Performance
NASDAQ:GDS opened at $39.23 on Friday. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 75.44 and a beta of 0.46. GDS has a 1 year low of $16.92 and a 1 year high of $48.61. The business has a 50 day simple moving average of $43.26 and a 200-day simple moving average of $38.72. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.60 and a quick ratio of 2.51.
GDS (NASDAQ:GDS – Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The company had revenue of $417.60 million during the quarter. GDS had a net margin of 8.12% and a return on equity of 8.72%. Equities analysts forecast that GDS will post -0.89 EPS for the current year.
Institutional Investors Weigh In On GDS
A number of institutional investors and hedge funds have recently modified their holdings of GDS. Royal Bank of Canada lifted its stake in shares of GDS by 30.7% during the 1st quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock worth $9,608,000 after acquiring an additional 89,059 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in GDS during the 1st quarter valued at $25,000. NewEdge Advisors LLC bought a new stake in GDS during the 1st quarter valued at $25,000. Northwestern Mutual Wealth Management Co. raised its position in GDS by 113.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after purchasing an additional 974 shares in the last quarter. Finally, Norges Bank bought a new stake in GDS during the 2nd quarter valued at $18,342,000. 33.71% of the stock is owned by institutional investors.
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.