GDS (NASDAQ:GDS) Rating Increased to Hold 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 Saturday morning.

Several other equities analysts also recently issued reports on GDS. Zacks Research raised GDS from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 23rd. Weiss Ratings raised GDS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, April 21st. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $64.00 price target on shares of GDS in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $49.90.

GDS Stock Performance

Shares of GDS opened at $42.41 on Friday. GDS has a 12 month low of $22.53 and a 12 month high of $48.61. The stock has a fifty day moving average price of $42.21 and a 200-day moving average price of $39.19. The company has a current ratio of 2.60, a quick ratio of 2.51 and a debt-to-equity ratio of 1.60. The firm has a market cap of $8.24 billion, a PE ratio of 81.56 and a beta of 0.46.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($0.35) EPS for the quarter. GDS had a net margin of 8.12% and a return on equity of 8.72%. The business had revenue of $417.60 million for the quarter. Equities research analysts predict that GDS will post 1.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GDS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sachem Head Capital Management LP grew its position in GDS by 45.0% during the 4th quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock worth $324,570,000 after purchasing an additional 2,885,000 shares during the period. Canada Pension Plan Investment Board grew its position in GDS by 77.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after purchasing an additional 3,062,658 shares during the period. Bamco Inc. NY grew its position in GDS by 35.0% during the 3rd quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock worth $164,810,000 after purchasing an additional 1,104,756 shares during the period. Triata Capital Ltd boosted its stake in shares of GDS by 23.5% during the 4th quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock worth $103,803,000 after acquiring an additional 566,345 shares in the last quarter. Finally, Carrhae Capital LLP boosted its stake in shares of GDS by 31.5% during the 4th quarter. Carrhae Capital LLP now owns 2,167,199 shares of the company’s stock worth $75,635,000 after acquiring an additional 518,921 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

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.