Shares of GDS Holdings Ltd – (NASDAQ:GDS) have been assigned a consensus recommendation of “Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $42.33.
A number of research analysts have recently commented on GDS shares. BidaskClub raised GDS from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. TheStreet raised GDS from a “d” rating to a “c-” rating in a report on Wednesday, March 13th. Credit Suisse Group set a $42.00 price objective on GDS and gave the company a “buy” rating in a report on Tuesday, March 19th. Zacks Investment Research lowered GDS from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Finally, ValuEngine lowered GDS from a “buy” rating to a “hold” rating in a report on Monday, June 3rd.
NASDAQ:GDS traded up $0.83 during trading hours on Monday, hitting $37.57. 732,729 shares of the company’s stock traded hands, compared to its average volume of 771,702. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of -73.67 and a beta of 3.18. GDS has a twelve month low of $18.59 and a twelve month high of $46.18. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a fifty day moving average price of $34.66.
GDS (NASDAQ:GDS) last issued its earnings results on Tuesday, May 14th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05). GDS had a negative return on equity of 7.56% and a negative net margin of 15.41%. The firm had revenue of $891.80 million during the quarter, compared to analyst estimates of $888.42 million. During the same period in the previous year, the company earned ($0.71) earnings per share. The business’s revenue for the quarter was up 58.6% on a year-over-year basis. As a group, research analysts predict that GDS will post -0.48 EPS for the current year.
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of GDS by 22.0% in the 4th quarter. BlackRock Inc. now owns 3,918,103 shares of the company’s stock worth $90,469,000 after acquiring an additional 706,695 shares during the period. Westpac Banking Corp bought a new position in shares of GDS during the 4th quarter worth approximately $2,821,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of GDS during the 4th quarter worth approximately $462,000. 1832 Asset Management L.P. lifted its position in shares of GDS by 27.7% during the 4th quarter. 1832 Asset Management L.P. now owns 157,500 shares of the company’s stock worth $3,636,000 after buying an additional 34,200 shares during the period. Finally, Hudson Bay Capital Management LP lifted its position in shares of GDS by 34.5% during the 4th quarter. Hudson Bay Capital Management LP now owns 356,608 shares of the company’s stock worth $8,234,000 after buying an additional 91,470 shares during the period. Institutional investors own 62.29% 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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