GDS Holdings Limited (NASDAQ:GDS) Given Consensus Recommendation of “Buy” by Brokerages

Shares of GDS Holdings Limited (NASDAQ:GDS) have been assigned an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $22.60.

A number of research firms recently issued reports on GDS. JMP Securities assumed coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price objective on shares of GDS in a report on Wednesday, January 29th. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a report on Monday, January 27th. Finally, StockNews.com raised GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th.

GDS Price Performance

GDS stock opened at $21.71 on Monday. GDS has a one year low of $5.01 and a one year high of $29.17. The firm has a 50-day moving average of $21.78 and a two-hundred day moving average of $19.08. The firm has a market capitalization of $4.14 billion, a PE ratio of -7.12 and a beta of 0.13. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC bought a new position in shares of GDS during the second quarter valued at approximately $108,000. Marshall Wace LLP acquired a new stake in GDS in the second quarter worth about $203,000. Cubist Systematic Strategies LLC grew its stake in shares of GDS by 921.7% during the second quarter. Cubist Systematic Strategies LLC now owns 112,568 shares of the company’s stock worth $1,046,000 after acquiring an additional 126,268 shares during the last quarter. Creative Planning increased its holdings in shares of GDS by 10.3% during the second quarter. Creative Planning now owns 99,850 shares of the company’s stock valued at $928,000 after acquiring an additional 9,332 shares in the last quarter. Finally, Swedbank AB raised its position in shares of GDS by 3.7% in the 3rd quarter. Swedbank AB now owns 338,974 shares of the company’s stock valued at $6,915,000 after purchasing an additional 12,100 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

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.