Brokerages Set GDS Holdings Limited (NASDAQ:GDS) Target Price at $33.23

Shares of GDS Holdings Limited (NASDAQ:GDS) have earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $33.23.

A number of research analysts recently issued reports on the company. StockNews.com downgraded GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. JMP Securities began coverage on shares of GDS in a research report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target for the company. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. Jefferies Financial Group raised GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Tuesday, March 18th. Finally, Raymond James upgraded GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research note on Thursday, March 20th.

GDS Trading Up 2.7 %

Shares of GDS stock opened at $28.41 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The company has a fifty day simple moving average of $31.47 and a 200-day simple moving average of $24.70. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of -9.31 and a beta of 0.07. GDS has a 12-month low of $5.85 and a 12-month high of $52.50.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.17. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The company had revenue of $425.13 million during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the firm posted ($2.16) earnings per share. GDS’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts forecast that GDS will post -0.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio acquired a new stake in GDS in the 3rd quarter valued at about $64,000. PNC Financial Services Group Inc. increased its stake in shares of GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after purchasing an additional 672 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of GDS by 1,904.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock worth $90,000 after purchasing an additional 3,599 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of GDS by 121.9% in the fourth quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after acquiring an additional 3,053 shares during the last quarter. Finally, Brookfield Corp ON purchased a new stake in shares of GDS in the third quarter valued at $171,000. 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.