GDS Holdings (NASDAQ:GDS) Receives $46.70 Consensus Price Target from Brokerages

Shares of GDS Holdings (NASDAQ:GDS) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $46.70.

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

Institutional Investors Weigh In On GDS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in GDS by 2.4% during the third quarter. Farther Finance Advisors LLC now owns 15,111 shares of the company’s stock valued at $585,000 after buying an additional 352 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of GDS by 3.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,388 shares of the company’s stock worth $390,000 after acquiring an additional 388 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in GDS by 41.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after acquiring an additional 531 shares during the period. Assetmark Inc. boosted its stake in GDS by 1,123.2% during the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after acquiring an additional 629 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC grew its holdings in GDS by 4.2% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,787 shares of the company’s stock worth $611,000 after purchasing an additional 636 shares during the period. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Down 6.3%

NASDAQ GDS opened at $40.66 on Monday. GDS has a 1 year low of $16.92 and a 1 year high of $52.50. The stock has a market capitalization of $8.27 billion, a PE ratio of 10.19 and a beta of 0.34. 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 business’s 50-day moving average is $35.36 and its 200 day moving average is $35.44.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Wednesday, November 19th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.51. The business had revenue of $405.28 million during 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 was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) EPS. Sell-side analysts forecast that GDS will post -0.89 earnings per share for the current 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.