GDS Holdings Limited (NASDAQ:GDS) Receives Consensus Rating of “Buy” from Analysts

GDS Holdings Limited (NASDAQ:GDS) has earned an average rating of “Buy” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $15.29.

Several research analysts have recently commented on the stock. Nomura Securities raised shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. Royal Bank of Canada raised shares of GDS from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $13.00 to $14.00 in a report on Monday, July 8th. Finally, Bank of America raised their target price on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a report on Tuesday, August 27th.

Institutional Trading of GDS

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of GDS by 51.0% during the 1st quarter. BNP Paribas Financial Markets now owns 185,137 shares of the company’s stock worth $1,231,000 after acquiring an additional 62,521 shares in the last quarter. Swedbank AB acquired a new stake in GDS in the first quarter valued at approximately $2,174,000. Wellington Management Group LLP boosted its position in GDS by 258.1% in the fourth quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock valued at $5,551,000 after buying an additional 438,661 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in GDS by 16.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock valued at $49,289,000 after buying an additional 773,378 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in GDS in the first quarter valued at approximately $429,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Up 1.9 %

GDS stock opened at $19.55 on Monday. The stock has a market cap of $3.73 billion, a P/E ratio of -6.09 and a beta of 0.24. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.30. GDS has a twelve month low of $5.01 and a twelve month high of $20.00. The company’s 50-day moving average price is $13.96 and its two-hundred day moving average price is $10.30.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $388.92 million for the quarter, compared to analysts’ expectations of $384.14 million. As a group, analysts expect that GDS will post -1.14 EPS for the current year.

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.