GDS Holdings Limited (NASDAQ:GDS) Receives $22.60 Consensus Price Target from Analysts

Shares of GDS Holdings Limited (NASDAQ:GDS) have been assigned an average recommendation of “Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $28.68.

GDS has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $26.00 target price on shares of GDS in a research report on Wednesday, January 29th. JMP Securities initiated coverage on GDS in a research report on Monday, January 27th. They set an “outperform” rating and a $35.00 price objective for the company. StockNews.com raised GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Raymond James lifted their price objective on GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday.

GDS Stock Performance

Shares of GDS stock opened at $44.76 on Friday. The stock has a market cap of $8.53 billion, a PE ratio of -14.68 and a beta of 0.12. The business has a fifty day simple moving average of $26.17 and a 200-day simple moving average of $21.64. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS has a 12 month low of $5.85 and a 12 month high of $52.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GDS. Amiral Gestion bought a new stake in shares of GDS during the 4th quarter valued at $333,000. Voloridge Investment Management LLC boosted its stake in shares of GDS by 36.9% during the 4th quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock worth $12,383,000 after buying an additional 140,343 shares during the last quarter. Woodline Partners LP acquired a new position in shares of GDS during the 4th quarter worth about $4,877,000. Vident Advisory LLC lifted its stake in GDS by 23.9% in the 4th quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock valued at $580,000 after purchasing an additional 4,710 shares during the last quarter. Finally, Triata Capital Ltd bought a new position in GDS in the 4th quarter valued at about $41,472,000. 33.71% of the stock is owned by institutional investors and hedge funds.

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.