GDS Holdings Limited (NASDAQ:GDS) Receives Consensus Recommendation of “Buy” from Analysts

GDS Holdings Limited (NASDAQ:GDS) has been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have given 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 $22.60.

Several brokerages recently weighed in on GDS. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research report on Monday, January 27th. Royal Bank of Canada reissued an “outperform” rating and set a $26.00 price objective on shares of GDS in a research report on Wednesday. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, JMP Securities started coverage on shares of GDS in a research report on Monday, January 27th. They set an “outperform” rating and a $35.00 price target for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bamco Inc. NY increased its holdings in GDS by 128.6% during the 3rd quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock worth $123,227,000 after purchasing an additional 3,397,592 shares during the period. Sachem Head Capital Management LP increased its stake in shares of GDS by 161.6% during the third quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock worth $57,630,000 after buying an additional 1,745,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in GDS in the third quarter valued at approximately $27,212,000. Portolan Capital Management LLC acquired a new stake in GDS in the third quarter valued at approximately $26,572,000. Finally, JPMorgan Chase & Co. lifted its stake in GDS by 7,553.4% in the third quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock worth $12,461,000 after acquiring an additional 602,840 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Stock Performance

GDS stock opened at $21.71 on Monday. The firm has a 50 day simple moving average of $21.71 and a 200-day simple moving average of $18.96. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of -7.12 and a beta of 0.13. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. GDS has a 1-year low of $5.01 and a 1-year high of $29.17.

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.