GDS Holdings Limited (NASDAQ:GDS) Given Average Recommendation of “Buy” by Analysts

Shares of GDS Holdings Limited (NASDAQ:GDS) have earned an average recommendation of “Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $18.29.

GDS has been the subject of several recent analyst reports. Nomura Securities raised shares of GDS to a “strong-buy” rating in a research note on Monday, August 26th. Bank of America lifted their target price on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada lifted their target price on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th.

GDS Trading Down 4.2 %

Shares of GDS opened at $20.69 on Friday. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a 50 day simple moving average of $18.65 and a 200-day simple moving average of $12.52. GDS has a 1-year low of $5.01 and a 1-year high of $24.50. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of -6.45 and a beta of 0.24.

GDS (NASDAQ:GDS) last released its earnings results on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.07. The firm had revenue of $388.92 million during the quarter, compared to analysts’ expectations of $384.14 million. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. Equities analysts forecast that GDS will post -1.14 EPS for the current fiscal year.

Institutional Trading of GDS

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in shares of GDS by 1,558.3% during the 3rd 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 period. Quadrature Capital Ltd acquired a new position in shares of GDS during the 4th quarter valued at $107,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of GDS during the 2nd quarter valued at $108,000. Signaturefd LLC lifted its holdings in shares of GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after acquiring an additional 1,215 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in shares of GDS during the 1st quarter valued at $188,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

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.