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

Shares of GDS Holdings Limited (NASDAQ:GDS) have been given an average recommendation of “Buy” by the five research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $15.29.

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Nomura Securities raised shares of GDS to a “strong-buy” rating in a research note on Monday, August 26th. Finally, Royal Bank of Canada raised shares of GDS from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $13.00 to $14.00 in a research note on Monday, July 8th.

GDS Price Performance

Shares of NASDAQ:GDS opened at $19.55 on Monday. The firm has a market cap of $3.73 billion, a PE ratio of -6.09 and a beta of 0.24. The firm’s fifty day moving average is $13.96 and its 200-day moving average is $10.30. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.39 and a current ratio of 1.39. GDS has a 52 week low of $5.01 and a 52 week high of $20.00.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.07. The company had revenue of $388.92 million for the quarter, compared to analyst estimates of $384.14 million. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. Sell-side analysts predict that GDS will post -1.14 earnings per share for the current year.

Institutional Investors Weigh In On GDS

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning increased its stake in GDS by 10.3% in the second quarter. Creative Planning now owns 99,850 shares of the company’s stock valued at $928,000 after purchasing an additional 9,332 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in GDS by 921.7% in the second quarter. Cubist Systematic Strategies LLC now owns 112,568 shares of the company’s stock valued at $1,046,000 after purchasing an additional 126,268 shares in the last quarter. Marshall Wace LLP bought a new stake in GDS in the second quarter valued at $203,000. Farallon Capital Management LLC increased its position in shares of GDS by 72.7% during the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock worth $11,391,000 after acquiring an additional 516,133 shares in the last quarter. Finally, Baupost Group LLC MA increased its position in shares of GDS by 63.5% during the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock worth $39,482,000 after acquiring an additional 1,649,952 shares in the last quarter. 33.71% of the stock is owned by institutional investors.

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.