Analysts Set GDS Holdings (NASDAQ:GDS) Target Price at $47.54

Shares of GDS Holdings (NASDAQ:GDS) have been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $47.54.

GDS has been the subject of a number of research reports. Piper Sandler set a $36.00 target price on shares of GDS in a research report on Thursday, May 21st. Zacks Research cut shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Wall Street Zen downgraded shares of GDS from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of GDS in a research report on Thursday, August 13th. Finally, TD Cowen cut their price objective on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st.

GDS Price Performance

Shares of GDS opened at $31.85 on Tuesday. The firm has a fifty day simple moving average of $32.10 and a two-hundred day simple moving average of $37.62. The firm has a market cap of $6.38 billion, a PE ratio of 14.81 and a beta of 0.43. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.22. GDS has a 1-year low of $26.97 and a 1-year high of $48.61.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $454.51 million during the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%. On average, equities analysts anticipate that GDS will post 3.15 EPS for the current year.

Insider Buying and Selling at GDS

In related news, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the transaction, the vice president owned 66,865 shares in the company, valued at approximately $2,356,991.25. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.99% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GDS

Hedge funds and other institutional investors have recently modified their holdings of the business. Sachem Head Capital Management LP lifted its holdings in GDS by 45.0% during 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 buying an additional 2,885,000 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in GDS by 77.7% in the 2nd 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 in the last quarter. Triata Capital Ltd increased its position in shares of GDS by 23.5% during the fourth quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock worth $103,803,000 after acquiring an additional 566,345 shares during the period. Bank of America Corp DE increased its position in shares of GDS by 25.5% during the first quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock worth $87,723,000 after acquiring an additional 442,414 shares during the period. Finally, Carrhae Capital LLP increased its position in shares of GDS by 31.5% during the fourth quarter. Carrhae Capital LLP now owns 2,167,199 shares of the company’s stock worth $75,635,000 after acquiring an additional 518,921 shares during the period. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

About GDS

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.