GDS (NASDAQ:GDS) Stock Lifted to Hold by Wall Street Zen

Wall Street Zen upgraded shares of GDS (NASDAQ:GDS) from a sell rating to a hold rating in a report released on Sunday,Wall Street Zen reports.

Other equities research analysts have also issued reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research report on Thursday, August 13th. Raymond James Financial restated a “strong-buy” rating and set a $51.00 price objective on shares of GDS in a research note on Tuesday, September 1st. Finally, Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, GDS currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.12.

GDS Stock Performance

Shares of NASDAQ GDS opened at $23.08 on Friday. The stock’s 50 day moving average price is $31.48 and its two-hundred day moving average price is $34.66. GDS has a 52-week low of $22.88 and a 52-week high of $48.61. The stock has a market capitalization of $4.62 billion, a P/E ratio of 10.73 and a beta of 0.42. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.22.

GDS (NASDAQ:GDS) last released its earnings results on Tuesday, June 30th. The company reported $0.52 EPS for the quarter. The company had revenue of $454.51 million for the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%. On average, analysts anticipate that GDS will post 2.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GDS

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in shares of GDS by 8.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the company’s stock worth $157,000 after purchasing an additional 303 shares during the last quarter. Parallel Advisors LLC boosted its position in GDS by 6.2% during the 1st quarter. Parallel Advisors LLC now owns 7,330 shares of the company’s stock valued at $295,000 after purchasing an additional 429 shares during the period. EverSource Wealth Advisors LLC grew its stake in GDS by 73.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,160 shares of the company’s stock worth $87,000 after buying an additional 915 shares during the last quarter. Summit Securities Group LLC bought a new position in GDS during the 1st quarter worth $65,000. Finally, Nykredit A S bought a new position in GDS during the 2nd quarter worth $63,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Company Profile

GDS Holdings Limited (NASDAQ: GDS) is a developer and operator of data centers. The company provides data center infrastructure and related services to cloud service providers, internet companies, financial institutions, telecommunications carriers and multinational corporations.

Its services include wholesale and retail colocation, managed data center services, interconnection and cloud connectivity. GDS designs, builds and operates facilities intended to support customers’ critical information technology infrastructure, including cloud computing, data storage and other high-performance computing requirements.

Founded in 2001, GDS has historically focused on serving customers in China through data centers in major economic and technology centers.