GDS Holdings Limited (NASDAQ:GDS) Receives Consensus Recommendation of “Buy” from Analysts

GDS Holdings Limited (NASDAQ:GDS) has earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $22.60.

Several equities research analysts have issued reports on GDS shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $26.00 price target on shares of GDS in a report on Wednesday, January 29th. StockNews.com raised GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. JMP Securities began coverage on GDS in a report on Monday, January 27th. They set an “outperform” rating and a $35.00 target price for the company. Finally, Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its position in shares of GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after purchasing an additional 2,353 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of GDS in the third quarter worth $64,000. PNC Financial Services Group Inc. grew its position in GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after acquiring an additional 672 shares during the last quarter. Wells Fargo & Company MN grew its position in GDS by 1,904.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after acquiring an additional 3,599 shares during the last quarter. Finally, Signaturefd LLC grew its position in GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after acquiring an additional 1,215 shares during the last quarter. Institutional investors own 33.71% of the company’s stock.

GDS Trading Up 12.8 %

Shares of GDS stock opened at $48.50 on Friday. The business has a fifty day simple moving average of $25.13 and a two-hundred day simple moving average of $21.06. GDS has a 1 year low of $5.85 and a 1 year high of $52.50. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of -15.90 and a beta of 0.12. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.

GDS Company Profile

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.