GDS (NASDAQ:GDS) Rating Reiterated by Nomura Instinet

Nomura Instinet reissued their downgrade rating on shares of GDS (NASDAQ:GDSGet Rating) in a research report released on Friday morning, Benzinga reports.

Several other equities analysts have also commented on GDS. StockNews.com raised shares of GDS to a sell rating in a research report on Thursday, June 16th. Truist Financial dropped their price objective on shares of GDS from $85.00 to $75.00 and set a buy rating for the company in a research report on Thursday, May 19th. Royal Bank of Canada dropped their price objective on shares of GDS from $58.00 to $41.00 in a research report on Monday, June 6th. Cowen dropped their price objective on shares of GDS from $53.00 to $47.00 in a research report on Thursday, May 19th. Finally, Credit Suisse Group dropped their price objective on shares of GDS from $71.50 to $48.90 and set an outperform rating for the company in a research report on Monday, May 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $57.43.

GDS Stock Performance

Shares of GDS stock opened at $26.92 on Friday. GDS has a one year low of $19.83 and a one year high of $66.50. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.10 and a current ratio of 1.10. The company has a 50 day moving average price of $29.57 and a 200 day moving average price of $34.45. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of -19.65 and a beta of 0.77.

GDS (NASDAQ:GDSGet Rating) last issued its quarterly earnings results on Wednesday, May 18th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.13). GDS had a negative return on equity of 6.28% and a negative net margin of 18.43%. The company had revenue of $353.92 million for the quarter, compared to analyst estimates of $349.91 million. Sell-side analysts anticipate that GDS will post -1.69 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. abrdn plc lifted its position in shares of GDS by 0.8% in the 4th quarter. abrdn plc now owns 1,064,199 shares of the company’s stock worth $50,188,000 after buying an additional 8,749 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of GDS by 107.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,239 shares of the company’s stock worth $2,369,000 after buying an additional 26,076 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of GDS by 207.4% in the 1st quarter. Exchange Traded Concepts LLC now owns 744 shares of the company’s stock worth $29,000 after buying an additional 502 shares during the last quarter. LMR Partners LLP lifted its position in shares of GDS by 8.9% in the 4th quarter. LMR Partners LLP now owns 29,450 shares of the company’s stock worth $1,369,000 after buying an additional 2,407 shares during the last quarter. Finally, Tekne Capital Management LLC bought a new position in shares of GDS in the 4th quarter worth about $30,383,000. 53.92% of the stock is currently owned by institutional investors.

About GDS

(Get Rating)

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.

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