GDS Holdings Limited (NASDAQ:GDS) Given Average Recommendation of “Buy” by Analysts

Shares of GDS Holdings Limited (NASDAQ:GDSGet Rating) have earned an average recommendation of “Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $75.57.

Several research firms have recently issued reports on GDS. StockNews.com raised GDS to a “sell” rating in a report on Wednesday. Royal Bank of Canada reduced their target price on GDS from $65.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, March 24th. Deutsche Bank Aktiengesellschaft raised GDS from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Thursday, March 24th. Morgan Stanley raised GDS from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective for the company in a report on Wednesday, February 9th. Finally, Truist Financial reduced their price objective on GDS from $115.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, February 8th.

Several large investors have recently bought and sold shares of GDS. M&G Investment Management Ltd. purchased a new stake in shares of GDS in the third quarter worth $1,455,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of GDS by 107.9% in the fourth 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 in the last quarter. KBC Group NV raised its position in shares of GDS by 26.1% in the third quarter. KBC Group NV now owns 17,658 shares of the company’s stock worth $1,000,000 after buying an additional 3,658 shares in the last quarter. Segantii Capital Management Ltd purchased a new stake in shares of GDS in the third quarter worth $8,767,000. Finally, Lindbrook Capital LLC raised its position in shares of GDS by 105.8% in the fourth quarter. Lindbrook Capital LLC now owns 1,107 shares of the company’s stock worth $52,000 after buying an additional 569 shares in the last quarter. Hedge funds and other institutional investors own 53.92% of the company’s stock.

Shares of GDS stock traded up $1.23 on Friday, hitting $30.34. The company had a trading volume of 23,229 shares, compared to its average volume of 1,985,531. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of -27.04 and a beta of 0.97. GDS has a 1 year low of $19.83 and a 1 year high of $87.69. The stock has a 50 day moving average of $38.67 and a 200-day moving average of $46.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.42 and a current ratio of 1.07.

GDS (NASDAQ:GDSGet Rating) last issued its quarterly earnings data on Tuesday, March 22nd. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.02. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.15 billion. GDS had a negative return on equity of 5.07% and a negative net margin of 16.17%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.26) earnings per share. Equities analysts anticipate that GDS will post -1.66 earnings per share for the current year.

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, managed hosting, and managed cloud services, as well as consulting services to the cloud, internet and banking industries. The company serves cloud service providers, Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations.

Featured Articles

Analyst Recommendations for GDS (NASDAQ:GDS)

Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.