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

GDS Holdings (NASDAQ:GDS) has been assigned a consensus rating of “Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $49.90.

GDS has been the subject of a number of research reports. UBS Group set a $55.00 price target on shares of GDS in a research report on Monday, December 1st. Morgan Stanley restated an “overweight” rating and issued a $64.00 price target on shares of GDS in a report on Tuesday, March 17th. Wall Street Zen downgraded GDS from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Monday, December 29th. Finally, Zacks Research upgraded GDS from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 23rd.

GDS Stock Performance

NASDAQ:GDS opened at $40.40 on Friday. The firm’s fifty day simple moving average is $43.48 and its 200-day simple moving average is $38.58. The company has a quick ratio of 2.51, a current ratio of 2.60 and a debt-to-equity ratio of 1.60. The stock has a market cap of $7.85 billion, a PE ratio of 77.69 and a beta of 0.39. GDS has a fifty-two week low of $16.92 and a fifty-two week high of $48.61.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Saturday, February 14th. The company reported ($0.35) EPS for the quarter. GDS had a net margin of 8.12% and a return on equity of 8.72%. The company had revenue of $417.60 million during the quarter. Analysts expect that GDS will post -0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GDS

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sachem Head Capital Management LP grew its stake in GDS by 45.0% in the 4th quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock valued at $324,570,000 after acquiring an additional 2,885,000 shares during the last quarter. Canada Pension Plan Investment Board raised its position in GDS by 77.7% during the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after acquiring an additional 3,062,658 shares during the last quarter. Tekne Capital Management LLC raised its position in GDS by 6.9% during the second quarter. Tekne Capital Management LLC now owns 6,263,467 shares of the company’s stock worth $191,474,000 after acquiring an additional 403,256 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of GDS by 35.0% in the third quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock valued at $164,810,000 after purchasing an additional 1,104,756 shares in the last quarter. Finally, Triata Capital Ltd lifted its holdings in shares of GDS by 23.5% in the fourth quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock valued at $103,803,000 after purchasing an additional 566,345 shares in the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Company Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.