GDS Holdings (NASDAQ:GDS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of GDS Holdings (NASDAQ:GDS) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $46.70.

Several equities analysts have commented on GDS shares. Macquarie set a $46.70 price target on shares of GDS in a research note on Thursday, November 6th. UBS Group set a $55.00 target price on shares of GDS in a report on Monday, December 1st. TD Cowen cut their price target on shares of GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of GDS in a report on Monday, December 1st.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GDS. Canada Pension Plan Investment Board increased its stake in shares of GDS by 77.7% during the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after acquiring an additional 3,062,658 shares during the period. Aspex Management HK Ltd boosted its holdings in GDS by 46.4% in the 2nd quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock valued at $134,720,000 after purchasing an additional 1,397,073 shares in the last quarter. Carrhae Capital LLP increased its position in GDS by 295.4% during the 3rd quarter. Carrhae Capital LLP now owns 1,648,278 shares of the company’s stock worth $63,788,000 after purchasing an additional 1,231,375 shares during the period. Marshall Wace LLP raised its stake in shares of GDS by 1,671.6% during the 3rd quarter. Marshall Wace LLP now owns 1,227,203 shares of the company’s stock worth $47,493,000 after buying an additional 1,157,934 shares in the last quarter. Finally, Bamco Inc. NY lifted its holdings in shares of GDS by 35.0% in the 3rd quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock valued at $164,810,000 after buying an additional 1,104,756 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Performance

NASDAQ:GDS opened at $40.97 on Monday. GDS has a 12 month low of $16.92 and a 12 month high of $52.50. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.51 and a quick ratio of 2.51. The firm has a market capitalization of $7.81 billion, a PE ratio of 10.27 and a beta of 0.34. The business’s fifty day moving average price is $34.45 and its 200 day moving average price is $35.06.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Wednesday, November 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.51. GDS had a return on equity of 5.17% and a net margin of 49.60%.The company had revenue of $405.28 million during the quarter, compared to the consensus estimate of $402.81 million. During the same period in the previous year, the business earned ($0.14) EPS. GDS’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, sell-side analysts anticipate that GDS will post -0.89 earnings per share for the current fiscal year.

About GDS

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.