GDS Holdings (NASDAQ:GDS) Receives $49.90 Average Price Target from Brokerages

Shares of GDS Holdings (NASDAQ:GDS) have been given a consensus recommendation of “Buy” by the eleven brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $49.90.

A number of equities analysts have recently commented on GDS shares. Wall Street Zen lowered shares of GDS from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Morgan Stanley reiterated an “overweight” rating and issued a $64.00 target price on shares of GDS in a research report on Tuesday, March 17th. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Weiss Ratings upgraded GDS from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Zacks Research raised GDS from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 23rd.

Hedge Funds Weigh In On GDS

A number of large investors have recently modified their holdings of the company. Parallel Advisors LLC increased its position in GDS by 3.5% during the 4th quarter. Parallel Advisors LLC now owns 6,901 shares of the company’s stock valued at $241,000 after purchasing an additional 236 shares during the period. Farther Finance Advisors LLC lifted its position in shares of GDS by 2.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 15,111 shares of the company’s stock worth $585,000 after purchasing an additional 352 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of GDS by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,388 shares of the company’s stock valued at $390,000 after purchasing an additional 388 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of GDS by 3.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company’s stock valued at $557,000 after purchasing an additional 468 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of GDS by 41.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after buying an additional 531 shares during the period. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Up 4.2%

Shares of NASDAQ GDS opened at $45.08 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 2.51 and a debt-to-equity ratio of 1.60. The business has a 50-day moving average of $42.46 and a 200-day moving average of $39.01. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 86.69 and a beta of 0.46. GDS has a 12 month low of $22.53 and a 12 month high of $48.61.

GDS (NASDAQ:GDS) last announced its earnings results on Saturday, February 14th. The company reported ($0.35) earnings per share 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. Sell-side analysts expect that GDS will post 1.16 earnings per share for the current fiscal year.

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.