GDS (NASDAQ:GDS) was downgraded by analysts at BidaskClub from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Thursday, BidAskClub reports.
GDS has been the topic of a number of other reports. Royal Bank of Canada boosted their price objective on GDS from $69.00 to $95.00 in a research note on Tuesday. Jefferies Financial Group assumed coverage on GDS in a research note on Tuesday, June 16th. They issued a "buy" rating and a $86.34 price objective on the stock. Raymond James reissued a "buy" rating and issued a $58.00 price objective on shares of GDS in a research note on Thursday, March 26th. Zacks Investment Research raised GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, March 25th. Finally, Goldman Sachs Group assumed coverage on GDS in a research note on Tuesday, April 21st. They issued a "buy" rating and a $70.30 price objective on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of "Buy" and a consensus price target of $68.16.
NASDAQ GDS opened at $79.85 on Thursday. The business's 50-day moving average price is $65.65 and its two-hundred day moving average price is $57.85. GDS has a 12 month low of $34.15 and a 12 month high of $84.00. The firm has a market capitalization of $12.18 billion, a PE ratio of -185.69 and a beta of 1.42. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.66.
GDS (NASDAQ:GDS) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.03). The company had revenue of $174.08 million during the quarter, compared to the consensus estimate of $173.12 million. GDS had a negative net margin of 8.91% and a negative return on equity of 4.37%. As a group, analysts forecast that GDS will post -0.2 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp raised its stake in GDS by 1.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,946 shares of the company's stock worth $1,330,000 after buying an additional 243 shares during the period. Hayden Royal LLC raised its stake in shares of GDS by 5.1% in the fourth quarter. Hayden Royal LLC now owns 7,220 shares of the company's stock worth $437,000 after purchasing an additional 350 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of GDS by 231.8% in the fourth quarter. Cubist Systematic Strategies LLC now owns 700 shares of the company's stock worth $36,000 after purchasing an additional 489 shares during the last quarter. Security National Trust Co. raised its stake in shares of GDS by 12.5% in the first quarter. Security National Trust Co. now owns 4,500 shares of the company's stock worth $261,000 after purchasing an additional 500 shares during the last quarter. Finally, Greenleaf Trust raised its stake in shares of GDS by 7.5% in the first quarter. Greenleaf Trust now owns 8,994 shares of the company's stock worth $521,000 after purchasing an additional 631 shares during the last quarter. 84.15% of the stock is currently owned by institutional investors and hedge funds.
About GDS
GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.
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