GDS Holdings (NASDAQ:GDS) Receives $48.12 Consensus Target Price from Analysts

Shares of GDS Holdings (NASDAQ:GDS) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $48.1167.

A number of equities analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. Zacks Research cut shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Raymond James Financial restated a “strong-buy” rating and set a $51.00 price target on shares of GDS in a research note on Tuesday, September 1st. Finally, Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Sunday, September 6th.

GDS Price Performance

GDS opened at $33.11 on Friday. The stock has a fifty day moving average price of $32.26 and a 200 day moving average price of $36.21. 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. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 15.40 and a beta of 0.43.

GDS (NASDAQ:GDS) last issued its earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%.The company had revenue of $454.51 million for the quarter. Analysts forecast that GDS will post 2.23 EPS for the current fiscal year.

Hedge Funds Weigh In On GDS

Hedge funds have recently bought and sold shares of the business. Sachem Head Capital Management LP raised its holdings in GDS by 45.0% during the fourth 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. WCM Investment Management LLC bought a new position in shares of GDS in the 1st quarter valued at approximately $68,092,000. Carrhae Capital LLP raised its stake in shares of GDS by 51.1% in the 2nd quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock valued at $99,112,000 after acquiring an additional 1,115,757 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in GDS by 294.4% in the 1st quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock worth $48,746,000 after purchasing an additional 911,191 shares during the last quarter. Finally, Electron Capital Partners LLC lifted its holdings in GDS by 640.6% in the 1st quarter. Electron Capital Partners LLC now owns 780,979 shares of the company’s stock worth $31,466,000 after purchasing an additional 675,531 shares during the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

About GDS

GDS Holdings Limited is a developer and operator of data centers serving cloud service providers, internet companies, financial institutions and other enterprises. The company provides data center infrastructure designed to support critical information technology systems, including space, power, cooling, connectivity and security.

Its services include colocation, managed infrastructure and related data center solutions. GDS also offers connectivity to telecommunications carriers, cloud platforms and internet exchanges, helping customers deploy and operate technology systems in secure, highly available facilities.

Founded in 2001, GDS has built a network of data centers primarily in China, with additional operations and expansion efforts in selected international markets, including Southeast Asia and Hong Kong.