GDS Holdings Limited (NASDAQ:GDS) Receives $18.29 Average Target Price from Analysts

GDS Holdings Limited (NASDAQ:GDS) has been assigned a consensus rating of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $18.29.

A number of research analysts recently weighed in on the stock. Bank of America raised their target price on shares of GDS from $12.40 to $22.40 and gave the company a “buy” rating in a report on Tuesday, August 27th. Nomura Securities raised shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. Finally, Royal Bank of Canada raised their target price on shares of GDS from $14.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, October 14th.

GDS Trading Down 1.6 %

Shares of GDS opened at $22.20 on Tuesday. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39. GDS has a 1 year low of $5.01 and a 1 year high of $24.74. The company has a 50 day simple moving average of $20.61 and a two-hundred day simple moving average of $14.13. The firm has a market cap of $4.23 billion, a P/E ratio of -7.03 and a beta of 0.23.

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

Institutional Trading of GDS

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position in shares of GDS by 51.0% during the first quarter. BNP Paribas Financial Markets now owns 185,137 shares of the company’s stock worth $1,231,000 after purchasing an additional 62,521 shares during the last quarter. Swedbank AB bought a new stake in shares of GDS in the first quarter valued at about $2,174,000. SG Americas Securities LLC bought a new stake in shares of GDS in the first quarter valued at about $429,000. Janney Montgomery Scott LLC raised its holdings in shares of GDS by 55.3% in the first quarter. Janney Montgomery Scott LLC now owns 144,449 shares of the company’s stock valued at $961,000 after acquiring an additional 51,439 shares in the last quarter. Finally, Farallon Capital Management LLC raised its holdings in shares of GDS by 72.7% in the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock valued at $11,391,000 after acquiring an additional 516,133 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors.

About GDS

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.