GDS Holdings (NASDAQ:GDS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of GDS Holdings (NASDAQ:GDS) have been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $46.70.

Several analysts have recently commented on the company. Bank of America increased their price objective on GDS from $47.60 to $50.60 and gave the stock a “buy” rating in a research note on Friday, August 22nd. TD Cowen dropped their price objective on GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. UBS Group set a $55.00 price objective on shares of GDS in a report on Monday, December 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a report on Monday. Finally, JMP Securities raised their price target on shares of GDS from $40.00 to $50.00 and gave the company a “market outperform” rating in a research report on Thursday, August 21st.

GDS Stock Down 3.0%

GDS stock opened at $33.69 on Thursday. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 8.44 and a beta of 0.35. The firm’s fifty day moving average price is $33.90 and its two-hundred day moving average price is $33.82. GDS has a 1-year low of $16.92 and a 1-year high of $52.50. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.65.

GDS (NASDAQ:GDS) last posted its earnings results on Wednesday, November 19th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.51. The company had revenue of $405.28 million for the quarter, compared to analyst estimates of $402.81 million. GDS had a net margin of 49.60% and a return on equity of 5.17%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) EPS. On average, equities research analysts predict that GDS will post -0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GDS

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brooklyn Investment Group increased its position in shares of GDS by 2,390.0% during the first quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock valued at $25,000 after acquiring an additional 956 shares during the last quarter. Advisors Asset Management Inc. bought a new position in GDS in the 1st quarter valued at $25,000. NewEdge Advisors LLC purchased a new stake in shares of GDS during the 1st quarter valued at $25,000. Huntington National Bank increased its position in shares of GDS by 83,700.0% during the 2nd quarter. Huntington National Bank now owns 838 shares of the company’s stock valued at $26,000 after purchasing an additional 837 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of GDS by 1,123.2% during the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after purchasing an additional 629 shares during the period. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Company Profile

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.