SunTrust Banks began coverage on shares of GDS (NASDAQ:GDS) in a research report issued to clients and investors on Tuesday, September 18th, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $46.00 price target on the stock. SunTrust Banks’ price target would indicate a potential upside of 66.37% from the stock’s previous close. SunTrust Banks also issued estimates for GDS’s Q3 2018 earnings at ($0.14) EPS, Q4 2018 earnings at ($0.14) EPS, FY2018 earnings at ($0.50) EPS, Q1 2019 earnings at ($0.08) EPS, Q2 2019 earnings at ($0.08) EPS, Q3 2019 earnings at ($0.06) EPS, Q4 2019 earnings at ($0.05) EPS, FY2019 earnings at ($0.28) EPS, Q1 2020 earnings at $0.03 EPS, Q2 2020 earnings at $0.02 EPS and FY2020 earnings at $0.22 EPS.
A number of other analysts also recently commented on GDS. Credit Suisse Group upgraded shares of GDS from an “underperform” rating to a “neutral” rating in a report on Wednesday, May 23rd. BidaskClub downgraded shares of GDS from a “strong-buy” rating to a “buy” rating in a report on Friday, June 1st. Guggenheim assumed coverage on shares of GDS in a report on Thursday, June 14th. They set a “buy” rating and a $50.00 price target on the stock. Zacks Investment Research lowered shares of GDS from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, Raymond James assumed coverage on shares of GDS in a report on Thursday, July 12th. They set a “strong-buy” rating and a $53.00 price target on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. GDS currently has an average rating of “Buy” and an average price target of $38.46.
Shares of GDS stock traded up $1.76 during midday trading on Tuesday, reaching $27.65. 2,277,126 shares of the company were exchanged, compared to its average volume of 1,415,699. GDS has a 12 month low of $12.81 and a 12 month high of $46.18. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of -54.22 and a beta of 2.69. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.78.
GDS (NASDAQ:GDS) last released its earnings results on Tuesday, August 14th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $96.34 million during the quarter, compared to the consensus estimate of $92.48 million. On average, equities research analysts predict that GDS will post -0.41 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in GDS. Private Capital Advisors Inc. bought a new stake in shares of GDS during the 3rd quarter worth $549,000. Centre Asset Management LLC bought a new stake in shares of GDS during the 3rd quarter worth $266,000. United Services Automobile Association bought a new stake in shares of GDS during the 2nd quarter worth $277,000. Northern Trust Corp boosted its holdings in shares of GDS by 265.9% during the 2nd quarter. Northern Trust Corp now owns 259,792 shares of the company’s stock worth $10,415,000 after buying an additional 188,784 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of GDS by 27.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 140,301 shares of the company’s stock worth $5,625,000 after buying an additional 30,026 shares during the period. 39.28% of the stock is currently owned by hedge funds and other institutional investors.
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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