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

Shares of GDS Holdings Limited (NASDAQ:GDS) have received an average rating of “Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $18.29.

Several research firms have commented on GDS. Bank of America increased their price objective on shares of GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research 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 boosted their price objective on GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday.

Hedge Funds Weigh In On GDS

Large investors have recently bought and sold shares of the business. Baupost Group LLC MA bought a new position in GDS in the 1st quarter worth about $17,290,000. Goldman Sachs Group Inc. boosted its position in GDS by 16.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock valued at $49,289,000 after purchasing an additional 773,378 shares in the last quarter. Farallon Capital Management LLC purchased a new position in GDS in the first quarter valued at about $4,722,000. Wellington Management Group LLP raised its holdings in GDS by 258.1% in the fourth quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock worth $5,551,000 after purchasing an additional 438,661 shares in the last quarter. Finally, Bamco Inc. NY purchased a new stake in shares of GDS during the first quarter valued at about $2,896,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Price Performance

NASDAQ:GDS opened at $21.16 on Friday. The business’s 50-day moving average is $17.81 and its 200 day moving average is $12.08. GDS has a 12 month low of $5.01 and a 12 month high of $23.81. The company has a market capitalization of $4.03 billion, a P/E ratio of -6.59 and a beta of 0.24. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 2.30.

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