Brokerages Set GDS Holdings Limited (NASDAQ:GDS) PT at $18.29

Shares of GDS Holdings Limited (NASDAQ:GDS) have been assigned a consensus rating of “Buy” from the five brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $18.29.

GDS has been the topic of several analyst reports. Nomura Securities upgraded GDS to a “strong-buy” rating in a research note on Monday, August 26th. Royal Bank of Canada boosted their price target on GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Bank of America boosted their price target on GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research note on Tuesday, August 27th.

Institutional Investors Weigh In On GDS

A number of institutional investors and hedge funds have recently modified their holdings of GDS. Signaturefd LLC lifted its holdings in GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after acquiring an additional 1,215 shares during the period. Blue Trust Inc. lifted its holdings in GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after acquiring an additional 2,353 shares during the period. BNP Paribas Financial Markets lifted its holdings in GDS by 1.4% in the third quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock valued at $3,721,000 after acquiring an additional 2,543 shares during the period. Creative Planning lifted its holdings 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 acquiring an additional 9,332 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in GDS in the second quarter valued at approximately $108,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Price Performance

GDS opened at $22.20 on Tuesday. The business’s 50-day moving average is $20.61 and its two-hundred day moving average is $14.13. GDS has a 1 year low of $5.01 and a 1 year high of $24.74. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $4.23 billion, a PE ratio of -7.03 and a beta of 0.23.

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

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.