Other research analysts also recently issued reports about the company. ValuEngine downgraded GDS from a hold rating to a sell rating in a report on Saturday, October 5th. TheStreet upgraded GDS from a d+ rating to a c- rating in a report on Friday, October 11th. SunTrust Banks reiterated a buy rating and issued a $55.00 price target on shares of GDS in a report on Friday, December 13th. Guggenheim set a $57.00 price target on GDS and gave the company a buy rating in a report on Thursday, September 12th. Finally, Cowen reiterated an outperform rating and issued a $65.00 price target (up from $53.00) on shares of GDS in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $54.67.
Shares of GDS stock opened at $52.43 on Friday. 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 1 year low of $25.08 and a 1 year high of $54.46. The company has a market capitalization of $6.06 billion, a P/E ratio of -102.80 and a beta of 3.00. The business has a 50 day moving average price of $49.98 and a 200 day moving average price of $43.17.
GDS (NASDAQ:GDS) last issued its quarterly earnings data on Thursday, November 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $149.17 million for the quarter, compared to analyst estimates of $148.94 million. As a group, research analysts expect that GDS will post -0.44 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of GDS. Sachem Head Capital Management LP acquired a new position in GDS in the 3rd quarter valued at $56,112,000. Nuveen Asset Management LLC increased its holdings in shares of GDS by 207.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,808,481 shares of the company’s stock worth $67,944,000 after buying an additional 1,220,022 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of GDS by 398.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 987,232 shares of the company’s stock worth $37,090,000 after buying an additional 789,363 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of GDS by 71.3% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,467,013 shares of the company’s stock worth $58,798,000 after buying an additional 610,583 shares during the last quarter. Finally, Zimmer Partners LP acquired a new stake in shares of GDS during the 2nd quarter worth $13,292,000. Institutional investors own 71.15% 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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