Brokerages Set GDS Holdings (NASDAQ:GDS) Price Target at $46.70

GDS Holdings (NASDAQ:GDS) has received an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $46.70.

A number of equities analysts have issued reports on GDS shares. Raymond James Financial reaffirmed a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. TD Cowen dropped their price objective on GDS from $38.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. Macquarie Infrastructure set a $46.70 target price on GDS in a research report on Thursday, November 6th. Finally, UBS Group set a $55.00 price target on shares of GDS in a research report on Monday, December 1st.

Institutional Trading of GDS

A number of large investors have recently made changes to their positions in GDS. Farther Finance Advisors LLC lifted its holdings in 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 lifted its holdings 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 in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of GDS by 41.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after purchasing an additional 531 shares during the period. Assetmark Inc. increased its stake in 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 in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC raised 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 worth $611,000 after buying an additional 636 shares during the period. Institutional investors own 33.71% of the company’s stock.

GDS Stock Performance

Shares of GDS opened at $46.48 on Friday. The stock’s fifty day simple moving average is $38.94 and its 200-day simple moving average is $36.44. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.65. GDS has a 12-month low of $16.92 and a 12-month high of $52.50.

GDS (NASDAQ:GDS) last announced 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. GDS had a return on equity of 5.17% and a net margin of 49.60%.The firm had revenue of $405.28 million during the quarter, compared to analysts’ expectations of $402.81 million. During the same period in the previous year, the business posted ($0.14) EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts predict 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.