GDS (NASDAQ:GDS) Stock Rating Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded GDS Holdings from “hold” to “sell,” although the broader analyst consensus remains “Moderate Buy” with a $48.12 price target.
• GDS shares opened at $30.97, below their 50-day and 200-day moving averages, and have traded between $26.97 and $48.61 over the past year.
• The company reported quarterly EPS of $0.52 on $454.51 million in revenue, while institutional investors own approximately 33.71% of its stock.

GDS (NASDAQ:GDS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of GDS in a research note on Thursday, August 13th. Raymond James Financial restated a "strong-buy" rating and issued a $51.00 target price on shares of GDS in a report on Tuesday, September 1st. Finally, Zacks Research downgraded shares of GDS from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 24th. One equities research 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.12.

GDS Stock Performance

GDS stock opened at $30.97 on Friday. The firm has a fifty day simple moving average of $32.04 and a two-hundred day simple moving average of $35.25. 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 has a twelve month low of $26.97 and a twelve month high of $48.61. The company has a market capitalization of $6.21 billion, a PE ratio of 14.40 and a beta of 0.42.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.52 earnings per share (EPS) for the quarter. The firm 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%. Research analysts expect that GDS will post 2.23 EPS for the current year.

Hedge Funds Weigh In On GDS

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in shares of GDS by 8.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the company's stock valued at $157,000 after purchasing an additional 303 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of GDS by 6.2% in the 1st quarter. Parallel Advisors LLC now owns 7,330 shares of the company's stock worth $295,000 after purchasing an additional 429 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of GDS by 73.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,160 shares of the company's stock worth $87,000 after purchasing an additional 915 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of GDS in the 1st quarter worth approximately $65,000. Finally, Nykredit A S purchased a new stake in shares of GDS in the 2nd quarter worth approximately $63,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

About GDS

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.

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