Zacks Investment Research Downgrades GDS (NASDAQ:GDS) to Hold

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GDS (NASDAQ:GDS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

According to Zacks, “GDS Holdings Limited provides information technology service. It offers integrated solutions, consulting, service and training including data center hosting, IT management and operation outsourcing, business continuity management, disaster recovery and cloud computing services. The company operates primarily in Shanghai, Beijing, Shenzhen, Guangzhou and Chengdu. GDS Holdings Limited is headquartered in Shanghai, the People’s Republic of China. “

Several other research firms also recently commented on GDS. Macquarie assumed coverage on shares of GDS in a research report on Tuesday, January 14th. They set an “outperform” rating and a $60.00 target price on the stock. TheStreet upgraded shares of GDS from a “d+” rating to a “c-” rating in a research report on Friday, October 11th. BidaskClub downgraded shares of GDS from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 10th. Royal Bank of Canada boosted their price target on shares of GDS from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Cowen restated an “outperform” rating and issued a $65.00 price target (up previously from $53.00) on shares of GDS in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $57.14.

NASDAQ:GDS opened at $53.94 on Monday. The firm’s 50 day simple moving average is $51.10 and its 200 day simple moving average is $43.84. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.00 and a quick ratio of 2.00. GDS has a one year low of $25.08 and a one year high of $55.46. The company has a market cap of $6.45 billion, a PE ratio of -98.07 and a beta of 3.00.

GDS (NASDAQ:GDS) last posted its earnings results on Thursday, November 14th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). GDS had a negative return on equity of 5.97% and a negative net margin of 12.27%. The business had revenue of $149.17 million for the quarter, compared to analyst estimates of $148.94 million. Equities research analysts expect that GDS will post -0.44 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Pictet Asset Management Ltd. lifted its position in shares of GDS by 2.2% in the 2nd quarter. Pictet Asset Management Ltd. now owns 856,430 shares of the company’s stock worth $32,176,000 after purchasing an additional 18,746 shares during the period. Harvest Investment Services LLC bought a new stake in shares of GDS in the 3rd quarter valued at $201,000. LA Financiere DE L Echiquier increased its stake in shares of GDS by 100.1% in the 3rd quarter. LA Financiere DE L Echiquier now owns 39,601 shares of the company’s stock valued at $1,587,000 after acquiring an additional 19,811 shares in the last quarter. Sachem Head Capital Management LP bought a new stake in shares of GDS in the 3rd quarter valued at $56,112,000. Finally, First Trust Advisors LP increased its stake in shares of GDS by 7.7% in the 3rd quarter. First Trust Advisors LP now owns 28,025 shares of the company’s stock valued at $1,123,000 after acquiring an additional 1,992 shares in the last quarter. Hedge funds and other institutional investors own 71.12% of the company’s stock.

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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