GDS Holdings (NASDAQ:GDS) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of GDS Holdings (NASDAQ:GDS) have earned a consensus recommendation of “Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $49.90.

A number of research firms have commented on GDS. Raymond James Financial restated a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. Wall Street Zen cut shares of GDS from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Zacks Research raised GDS from a “hold” rating to a “strong-buy” rating in a report on Monday, March 23rd. Weiss Ratings restated a “hold (c)” rating on shares of GDS in a research report on Friday, March 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $64.00 price target on shares of GDS in a report on Tuesday, March 17th.

Institutional Trading of GDS

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. increased its position in GDS by 1,123.2% in the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after acquiring an additional 629 shares in the last quarter. Leonteq Securities AG bought a new position in shares of GDS in the fourth quarter worth about $34,000. Advisors Asset Management Inc. acquired a new position in shares of GDS during the first quarter worth approximately $25,000. NewEdge Advisors LLC bought a new stake in shares of GDS during the first quarter valued at approximately $25,000. Finally, Hantz Financial Services Inc. grew its stake in shares of GDS by 165.0% during the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after purchasing an additional 850 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Price Performance

Shares of GDS stock opened at $41.66 on Friday. The stock’s fifty day simple moving average is $43.50 and its 200 day simple moving average is $38.69. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.60 and a quick ratio of 2.51. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 80.12 and a beta of 0.39. GDS has a one year low of $16.92 and a one year high of $48.61.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Saturday, February 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The company had revenue of $417.60 million for the quarter. GDS had a return on equity of 8.72% and a net margin of 8.12%. On average, analysts expect that GDS will post -0.89 earnings per share for the current fiscal 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.