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

Shares of GDS Holdings Limited (NASDAQ:GDS) have earned an average recommendation of “Buy” from the five analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $15.29.

GDS has been the subject of several analyst reports. Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. Royal Bank of Canada raised shares of GDS from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $13.00 to $14.00 in a research note on Monday, July 8th. Finally, Bank of America increased their price target on GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a report on Tuesday, August 27th.

Institutional Investors Weigh In On GDS

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Baupost Group LLC MA acquired a new stake in shares of GDS in the 1st quarter valued at about $17,290,000. Goldman Sachs Group Inc. grew its stake in GDS by 16.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock valued at $49,289,000 after acquiring an additional 773,378 shares during the period. Farallon Capital Management LLC bought a new stake in shares of GDS during the first quarter valued at approximately $4,722,000. Wellington Management Group LLP raised its position in shares of GDS by 258.1% during the fourth quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock worth $5,551,000 after purchasing an additional 438,661 shares during the period. Finally, Bamco Inc. NY bought a new position in shares of GDS in the 1st quarter worth $2,896,000. 33.71% of the stock is owned by institutional investors.

GDS Price Performance

Shares of NASDAQ:GDS opened at $20.83 on Monday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.39 and a current ratio of 1.39. GDS has a 52 week low of $5.01 and a 52 week high of $22.77. The firm has a market cap of $3.97 billion, a PE ratio of -6.49 and a beta of 0.24. The firm’s fifty day moving average is $14.85 and its 200-day moving average is $10.76.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.07. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. The firm had revenue of $388.92 million for the quarter, compared to analyst estimates of $384.14 million. Sell-side analysts predict that GDS will post -1.14 earnings per share for the current year.

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.