GDS (NASDAQ:GDS) Upgraded at Wall Street Zen

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

GDS has been the topic of a number of other research reports. TD Cowen cut their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Raymond James Financial reaffirmed a “strong-buy” rating and set a $51.00 target price on shares of GDS in a report on Tuesday, September 1st. Piper Sandler set a $36.00 price target on GDS in a research report on Thursday, May 21st. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GDS in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, GDS has an average rating of “Moderate Buy” and a consensus price target of $48.12.

GDS Stock Performance

Shares of GDS opened at $32.00 on Friday. The stock has a market capitalization of $6.41 billion, a PE ratio of 14.88 and a beta of 0.43. The business’s fifty day moving average price is $32.24 and its 200 day moving average price is $37.00. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.78 and a quick ratio of 1.78. GDS has a 12-month low of $26.97 and a 12-month high of $48.61.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GDS. Canada Pension Plan Investment Board lifted its stake in GDS by 77.7% during the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock valued at $214,115,000 after purchasing an additional 3,062,658 shares during the last quarter. Sachem Head Capital Management LP boosted its holdings in GDS by 45.0% during the fourth quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock worth $324,570,000 after buying an additional 2,885,000 shares in the last quarter. WCM Investment Management LLC acquired a new position in GDS in the first quarter worth approximately $68,092,000. Barclays PLC grew its position in GDS by 20,731.3% in the fourth quarter. Barclays PLC now owns 1,720,247 shares of the company’s stock worth $60,037,000 after buying an additional 1,711,989 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of GDS by 1,671.6% in the third quarter. Marshall Wace LLP now owns 1,227,203 shares of the company’s stock valued at $47,493,000 after buying an additional 1,157,934 shares in the last quarter. Institutional investors own 33.71% of the company’s stock.

About GDS

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.