Berenberg Bank began coverage on shares of GDS (NASDAQ:GDS) in a report published on Thursday, September 20th, Marketbeat reports. The brokerage issued a sell rating and a $16.00 target price on the stock.
Several other research firms also recently issued reports on GDS. Cowen initiated coverage on GDS in a report on Monday, September 10th. They issued an outperform rating and a $45.00 price objective on the stock. BidaskClub downgraded GDS from a buy rating to a hold rating in a report on Saturday, September 8th. TheStreet downgraded GDS from a c rating to a d+ rating in a report on Tuesday, July 31st. Raymond James initiated coverage on GDS in a report on Thursday, July 12th. They issued a strong-buy rating and a $53.00 price objective on the stock. Finally, Guggenheim reiterated a buy rating and issued a $52.00 price objective on shares of GDS in a report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $38.46.
Shares of NASDAQ:GDS traded up $1.76 during trading on Thursday, reaching $27.65. The stock had a trading volume of 2,277,126 shares, compared to its average volume of 1,415,699. GDS has a 1-year low of $12.81 and a 1-year high of $46.18. The firm has a market capitalization of $4.13 billion, a PE ratio of -54.22 and a beta of 2.69. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.51 and a quick ratio of 1.51.
GDS (NASDAQ:GDS) last announced its quarterly earnings data on Tuesday, August 14th. The company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.01). GDS had a negative return on equity of 8.53% and a negative net margin of 18.51%. The company had revenue of $96.34 million for the quarter, compared to analysts’ expectations of $92.48 million. As a group, analysts expect that GDS will post -0.41 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in GDS. Security National Trust Co. boosted its position in shares of GDS by 100.0% during the 2nd quarter. Security National Trust Co. now owns 4,000 shares of the company’s stock worth $160,000 after acquiring an additional 2,000 shares in the last quarter. Comerica Bank acquired a new position in shares of GDS during the 2nd quarter worth about $234,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in shares of GDS during the 2nd quarter worth about $254,000. Centre Asset Management LLC purchased a new stake in shares of GDS in the 3rd quarter valued at about $266,000. Finally, Barclays PLC lifted its holdings in shares of GDS by 41.6% in the 1st quarter. Barclays PLC now owns 10,052 shares of the company’s stock valued at $276,000 after purchasing an additional 2,952 shares during the last quarter. 39.28% 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. 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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