GDS (NASDAQ:GDS) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of GDS (NASDAQ:GDS) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

A number of other research firms have also commented on GDS. Morgan Stanley reaffirmed an “overweight” rating and issued a $64.00 price target on shares of GDS in a report on Tuesday, March 17th. Zacks Research upgraded GDS from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 23rd. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a report on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of GDS in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, GDS presently has an average rating of “Buy” and an average target price of $49.90.

GDS Stock Performance

NASDAQ GDS opened at $44.92 on Friday. The firm has a market cap of $8.73 billion, a P/E ratio of 86.39 and a beta of 0.46. The company has a quick ratio of 2.51, a current ratio of 2.60 and a debt-to-equity ratio of 1.60. The company’s 50 day moving average is $42.67 and its 200-day moving average is $38.88. GDS has a 12-month low of $20.61 and a 12-month high of $48.61.

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 return on equity of 8.72% and a net margin of 8.12%.The business had revenue of $417.60 million during the quarter. Sell-side analysts predict that GDS will post 1.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GDS. Advisors Asset Management Inc. bought a new position in shares of GDS in the first quarter worth $25,000. NewEdge Advisors LLC purchased a new stake in shares of GDS in the first quarter worth $25,000. Assetmark Inc. boosted its stake in GDS by 1,123.2% during the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after buying an additional 629 shares during the period. Leonteq Securities AG bought a new stake in GDS during the fourth quarter valued at $34,000. Finally, Hantz Financial Services Inc. grew its position in GDS by 165.0% during the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $53,000 after buying an additional 850 shares in the last quarter. 33.71% of the stock is currently owned by hedge funds and other 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.