Shares of GDS Holdings Limited (NASDAQ:GDS – Get Free Report) 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.
Check Out Our Latest Analysis on GDS
Hedge Funds Weigh In On GDS
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 – Get Free Report) 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.
Recommended Stories
- Five stocks we like better than GDS
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Taiwan Semiconductor Soars on Earnings With More Room to Run
- 3 Tickers Leading a Meme Stock Revival
- Is Lucid Group Nearing the Bottom? What Investors Should Know
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- 90% Gain Possible? Analysts Are Bullish on Joby Aviation
Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.