Wall Street Zen Downgrades GDS (NASDAQ:GDS) to Sell

GDS (NASDAQ:GDS) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other analysts have also recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research report on Friday, March 27th. Morgan Stanley reissued an “overweight” rating and issued a $64.00 target price on shares of GDS in a research report on Tuesday, March 17th. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. Finally, Zacks Research raised GDS from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $49.90.

GDS Price Performance

Shares of NASDAQ GDS opened at $44.70 on Friday. The stock has a market cap of $8.69 billion, a PE ratio of 85.96 and a beta of 0.46. The company has a quick ratio of 2.51, a current ratio of 2.60 and a debt-to-equity ratio of 1.60. GDS has a 52-week low of $20.61 and a 52-week high of $48.61. The business has a 50-day moving average price of $42.70 and a 200 day moving average price of $38.86.

GDS (NASDAQ:GDS) last announced its earnings results on Saturday, February 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The firm 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 research analysts forecast that GDS will post -0.89 earnings per share for the current year.

Institutional Trading of GDS

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDS. Royal Bank of Canada raised its stake in GDS by 30.7% during the 1st quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock valued at $9,608,000 after acquiring an additional 89,059 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in GDS during the 1st quarter valued at approximately $25,000. NewEdge Advisors LLC purchased a new stake in GDS during the 1st quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 974 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in GDS by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after acquiring an additional 531 shares during the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

About GDS

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.