GDS Holdings Limited (NASDAQ:GDS) Receives $39.48 Consensus Target Price from Analysts

Shares of GDS Holdings Limited (NASDAQ:GDS) have earned an average rating of “Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $39.48.

Several equities research analysts have recently issued reports on GDS shares. Citigroup reissued an “outperform” rating on shares of GDS in a research report on Thursday, March 20th. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Raymond James raised GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research report on Thursday, March 20th. StockNews.com lowered GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Royal Bank of Canada cut shares of GDS from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th.

Institutional Investors Weigh In On GDS

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of GDS during the first quarter valued at approximately $523,000. Amiral Gestion bought a new position in shares of GDS in the fourth quarter valued at approximately $333,000. Voloridge Investment Management LLC grew its holdings in shares of GDS by 36.9% during the fourth quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock worth $12,383,000 after purchasing an additional 140,343 shares during the last quarter. Woodline Partners LP acquired a new position in GDS during the 4th quarter worth about $4,877,000. Finally, Vident Advisory LLC increased its stake in shares of GDS by 23.9% in the 4th quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock valued at $580,000 after buying an additional 4,710 shares during the period. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Stock Performance

Shares of NASDAQ GDS opened at $21.47 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $4.09 billion, a PE ratio of -7.04 and a beta of 0.23. The company has a 50-day simple moving average of $30.72 and a 200-day simple moving average of $25.10. GDS has a 12 month low of $6.15 and a 12 month high of $52.50.

GDS (NASDAQ:GDS) last issued its earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.17. The firm had revenue of $425.13 million for the quarter, compared to analysts’ expectations of $3.11 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($2.16) earnings per share. On average, equities analysts anticipate that GDS will post -0.89 earnings per share for the current year.

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.