Brokerages Set GDS Holdings Limited (NASDAQ:GDS) PT at $18.47

GDS Holdings Limited (NASDAQ:GDS) has received a consensus rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $22.60.

Several brokerages have issued reports on GDS. Citizens Jmp raised GDS to a “strong-buy” rating in a research note on Monday. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price objective on shares of GDS in a report on Wednesday. Finally, JMP Securities started coverage on GDS in a report on Monday. They set an “outperform” rating and a $35.00 target price for the company.

GDS Stock Up 3.2 %

GDS stock opened at $22.66 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $4.32 billion, a P/E ratio of -7.43 and a beta of 0.13. The firm has a 50 day moving average price of $21.54 and a 200-day moving average price of $18.90. GDS has a twelve month low of $5.01 and a twelve month high of $29.17.

Hedge Funds Weigh In On GDS

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its stake in GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after buying an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of GDS in the 3rd quarter valued at approximately $64,000. Vanguard Personalized Indexing Management LLC acquired a new stake in GDS in the 2nd quarter worth approximately $108,000. Signaturefd LLC grew its position in GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after purchasing an additional 1,215 shares during the last quarter. Finally, Brookfield Corp ON acquired a new position in GDS during the 3rd quarter valued at approximately $171,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Company Profile

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.