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

GDS Holdings (NASDAQ:GDS) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $46.70.

A number of research firms have weighed in on GDS. TD Cowen dropped their target price 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. Macquarie set a $46.70 price objective on GDS in a report on Thursday, November 6th. UBS Group set a $55.00 price target on GDS in a research report on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GDS. Farther Finance Advisors LLC lifted its position in shares of GDS by 2.4% during the third quarter. Farther Finance Advisors LLC now owns 15,111 shares of the company’s stock worth $585,000 after acquiring an additional 352 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of GDS by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,388 shares of the company’s stock valued at $390,000 after purchasing an additional 388 shares during the period. EverSource Wealth Advisors LLC boosted its stake in GDS by 41.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after purchasing an additional 531 shares during the period. Assetmark Inc. boosted its stake in GDS by 1,123.2% in 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. Finally, Laird Norton Wetherby Wealth Management LLC grew its holdings in GDS by 4.2% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,787 shares of the company’s stock valued at $611,000 after buying an additional 636 shares in the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Trading Up 3.5%

GDS stock opened at $42.69 on Friday. 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 stock’s fifty day simple moving average is $38.69 and its two-hundred day simple moving average is $36.36. GDS has a 1-year low of $16.92 and a 1-year high of $52.50.

GDS (NASDAQ:GDS) last released its earnings results on Wednesday, November 19th. The company reported $0.45 EPS 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 analysts’ expectations of $402.81 million. GDS had a return on equity of 5.17% and a net margin of 49.60%.The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.14) EPS. On average, equities analysts expect that GDS will post -0.89 EPS for the current year.

GDS Company Profile

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.