GDS Holdings (GDS) – What Are Analysts Thinking About This Stock?

Shares of GDS Holdings (NASDAQ:GDS) have been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $48.40.

GDS has been the topic of a number of research analyst reports. Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Wednesday. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Sunday, October 18th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $51.00 target price on shares of GDS in a research note on Tuesday, September 1st.

GDS Trading Down 1.2%

NASDAQ GDS traded down $0.24 during trading hours on Friday, hitting $19.81. 3,343,644 shares of the company’s stock were exchanged, compared to its average volume of 2,648,956. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a market capitalization of $3.97 billion, a P/E ratio of 9.21 and a beta of 0.47. The business’s 50 day moving average is $27.30 and its 200-day moving average is $35.34. GDS has a 12-month low of $18.72 and a 12-month high of $48.61.

GDS (NASDAQ:GDS) last issued its earnings results on Tuesday, June 30th. The company reported $0.52 EPS for the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. The business had revenue of $454.51 million for the quarter. As a group, analysts anticipate that GDS will post 2.23 EPS for the current fiscal year.

Institutional Trading of GDS

A number of hedge funds have recently modified their holdings of the company. Carrhae Capital LLP lifted its stake in GDS by 51.1% in the second quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock valued at $99,112,000 after buying an additional 1,115,757 shares in the last quarter. Bank of America Corp DE grew its stake in shares of GDS by 25.5% in the first quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock valued at $87,723,000 after buying an additional 442,414 shares in the last quarter. WCM Investment Management LLC acquired a new position in shares of GDS during the 1st quarter worth about $68,092,000. Hsbc Holdings PLC raised its stake in GDS by 294.4% in the first quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock valued at $48,746,000 after buying an additional 911,191 shares during the period. Finally, Electron Capital Partners LLC lifted its holdings in GDS by 640.6% during the 1st quarter. Electron Capital Partners LLC now owns 780,979 shares of the company’s stock valued at $31,466,000 after purchasing an additional 675,531 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

About GDS

GDS Holdings Limited is a data center developer and operator that provides facilities and services for businesses with substantial computing and data-storage needs. Its offerings include data center space, power and cooling infrastructure, colocation, and related managed services and connectivity. The company serves cloud service providers, large internet companies, financial institutions, telecommunications providers, and other enterprises. Its data centers are designed to support customers’ critical IT systems and connect them with network and cloud providers.