Wall Street Zen Upgrades GDS (NASDAQ:GDS) to Hold

GDS (NASDAQ:GDS) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other research analysts also recently weighed in on GDS. Morgan Stanley restated an “overweight” rating and set a $64.00 price objective on shares of GDS in a report on Tuesday, March 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a report on Friday, March 27th. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. Finally, Zacks Research upgraded shares of GDS from a “hold” rating to a “strong-buy” rating in a report on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $49.90.

GDS Price Performance

Shares of NASDAQ:GDS opened at $39.91 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.51 and a current ratio of 2.60. GDS has a 52-week low of $16.92 and a 52-week high of $48.61. The business’s 50 day simple moving average is $43.40 and its two-hundred day simple moving average is $38.72. The firm has a market cap of $7.76 billion, a P/E ratio of 76.75 and a beta of 0.46.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Saturday, February 14th. The company reported ($0.35) EPS for the quarter. GDS had a net margin of 8.12% and a return on equity of 8.72%. The firm had revenue of $417.60 million for the quarter. As a group, research analysts forecast that GDS will post -0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On GDS

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in GDS by 30.7% during the first quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock worth $9,608,000 after acquiring an additional 89,059 shares during the period. Advisors Asset Management Inc. bought a new position in GDS in the 1st quarter valued at $25,000. NewEdge Advisors LLC purchased a new stake in shares of GDS during the 1st quarter valued at $25,000. Northwestern Mutual Wealth Management Co. increased its position in shares of GDS by 113.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after purchasing an additional 974 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of GDS during the 2nd quarter worth $18,342,000. 33.71% of the stock is owned by institutional investors.

GDS Company Profile

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.