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

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

A number of research analysts recently commented on the company. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada cut shares of GDS from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $26.00 to $37.00 in a research note on Tuesday, February 25th. Jefferies Financial Group upgraded shares of GDS from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, March 18th. Finally, JMP Securities initiated coverage on GDS in a report on Monday, January 27th. They set an “outperform” rating and a $35.00 price objective on the stock.

GDS Stock Performance

NASDAQ:GDS opened at $27.67 on Tuesday. The firm’s 50-day moving average is $31.34 and its 200-day moving average is $24.57. The company has a market cap of $5.27 billion, a price-to-earnings ratio of -9.07 and a beta of 0.06. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS has a 52-week low of $5.85 and a 52-week high of $52.50.

GDS (NASDAQ:GDS) last issued its quarterly earnings results 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 return on equity of 8.22% and a negative net margin of 35.97%. The firm had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the company posted ($2.16) earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that GDS will post -0.89 earnings per share for the current year.

Institutional Trading of GDS

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