GDS (NASDAQ:GDS) Rating Lowered to Hold at BidaskClub

BidaskClub downgraded shares of GDS (NASDAQ:GDS) from a buy rating to a hold rating in a research note released on Tuesday morning, BidAskClub reports.

GDS has been the subject of a number of other reports. Zacks Investment Research upgraded shares of GDS from a sell rating to a hold rating in a report on Tuesday, May 21st. ValuEngine upgraded shares of GDS from a hold rating to a buy rating in a report on Thursday, June 27th. Finally, TheStreet lowered shares of GDS from a c- rating to a d rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $39.33.

NASDAQ GDS opened at $36.14 on Tuesday. The company’s 50-day simple moving average is $38.17. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.50. GDS has a 12-month low of $20.84 and a 12-month high of $43.15. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of -70.86 and a beta of 3.04.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The business had revenue of $891.80 million for the quarter, compared to analysts’ expectations of $888.42 million. GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The business’s quarterly revenue was up 58.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.71) earnings per share. Equities analysts expect that GDS will post -0.47 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in GDS. SeaBridge Investment Advisors LLC increased its stake in shares of GDS by 100.0% during the first quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the company’s stock valued at $36,000 after purchasing an additional 500 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of GDS during the first quarter valued at approximately $124,000. Cowen Prime Services LLC bought a new stake in shares of GDS during the first quarter valued at approximately $143,000. Oppenheimer Asset Management Inc. bought a new stake in shares of GDS during the first quarter valued at approximately $166,000. Finally, CIBC World Markets Inc. bought a new stake in shares of GDS during the first quarter valued at approximately $218,000. 62.23% of the stock is owned by institutional investors and hedge funds.

GDS Company Profile

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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Analyst Recommendations for GDS (NASDAQ:GDS)

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