GDS (GDS) Stock Rating Upgraded by TheStreet

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GDS (NASDAQ:GDS) was upgraded by stock analysts at TheStreet from a “d” rating to a “c-” rating in a research note issued on Wednesday.

Several other research analysts have also commented on the stock. BidaskClub upgraded shares of GDS from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Zacks Investment Research upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. GDS presently has an average rating of “Buy” and an average price target of $40.38.

Shares of GDS stock opened at $35.58 on Wednesday. The stock has a market cap of $4.16 billion, a PE ratio of -69.76 and a beta of 3.25. GDS has a 1-year low of $18.59 and a 1-year high of $46.18. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.41 and a current ratio of 1.41.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.03). The company had revenue of $829.52 million for the quarter, compared to analysts’ expectations of $822.31 million. GDS had a negative return on equity of 7.97% and a negative net margin of 17.19%. The company’s revenue was up 64.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.12) earnings per share. Analysts forecast that GDS will post -0.47 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Bank of Montreal Can grew its position in shares of GDS by 4.5% during the fourth quarter. Bank of Montreal Can now owns 18,515 shares of the company’s stock worth $428,000 after buying an additional 797 shares in the last quarter. Xact Kapitalforvaltning AB grew its position in shares of GDS by 10.9% during the fourth quarter. Xact Kapitalforvaltning AB now owns 11,200 shares of the company’s stock worth $259,000 after buying an additional 1,100 shares in the last quarter. APG Asset Management N.V. grew its position in shares of GDS by 8.8% during the fourth quarter. APG Asset Management N.V. now owns 24,700 shares of the company’s stock worth $499,000 after buying an additional 2,000 shares in the last quarter. Barclays PLC grew its position in shares of GDS by 3.6% during the fourth quarter. Barclays PLC now owns 85,396 shares of the company’s stock worth $1,972,000 after buying an additional 2,996 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of GDS by 42.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,874 shares of the company’s stock worth $248,000 after buying an additional 3,557 shares in the last quarter. 46.69% of the stock is owned by institutional investors.

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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