BidaskClub cut shares of GDS (NASDAQ:GDS) from a hold rating to a sell rating in a research report report published on Thursday morning.

GDS has been the topic of a number of other reports. Zacks Investment Research lowered shares of GDS from a buy rating to a hold rating in a research report on Tuesday, September 11th. SunTrust Banks started coverage on shares of GDS in a research report on Tuesday, September 18th. They set a buy rating and a $46.00 price target on the stock. Guggenheim restated a buy rating and set a $52.00 price target on shares of GDS in a research report on Thursday, August 16th. Berenberg Bank started coverage on shares of GDS in a research report on Thursday, September 20th. They set a sell rating and a $16.00 price target on the stock. Finally, Cowen started coverage on shares of GDS in a research report on Monday, September 10th. They set an outperform rating and a $45.00 price target on the stock. Three research analysts have rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $38.46.

GDS stock opened at $24.82 on Thursday. The stock has a market cap of $2.91 billion, a PE ratio of -48.67 and a beta of 3.77. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.41 and a quick ratio of 1.41. GDS has a 52 week low of $18.59 and a 52 week high of $46.18.

GDS (NASDAQ:GDS) last released its earnings results on Tuesday, November 13th. The company reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.85). The company had revenue of $762.80 million for the quarter, compared to analysts’ expectations of $706.76 million. GDS had a negative return on equity of 7.97% and a negative net margin of 17.19%. The firm’s revenue for the quarter was up 79.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.95) EPS. As a group, equities analysts anticipate that GDS will post -0.43 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB boosted its holdings in GDS by 44.3% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 10,100 shares of the company’s stock valued at $355,000 after purchasing an additional 3,100 shares during the last quarter. Global X Management Co LLC boosted its holdings in GDS by 45.1% in the 2nd quarter. Global X Management Co LLC now owns 11,822 shares of the company’s stock valued at $474,000 after purchasing an additional 3,674 shares during the last quarter. Virtus Alternative Investment Advisers Inc. acquired a new position in GDS in the 3rd quarter valued at about $142,000. Shell Asset Management Co. boosted its holdings in GDS by 78.0% in the 3rd quarter. Shell Asset Management Co. now owns 10,500 shares of the company’s stock valued at $369,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Comerica Bank acquired a new position in GDS in the 2nd quarter valued at about $234,000. Institutional investors own 43.39% of the company’s stock.

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. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

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Analyst Recommendations for GDS (NASDAQ:GDS)

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