GDS Holdings (NASDAQ:GDS) Given Average Recommendation of “Moderate Buy” by Brokerages

GDS Holdings (NASDAQ:GDS) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $46.9333.

GDS has been the topic of a number of recent analyst reports. Bank of America boosted their price objective on GDS from $47.60 to $50.60 and gave the company a “buy” rating in a research note on Friday, August 22nd. BMO Capital Markets raised GDS to a “market perform” rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. raised GDS from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $34.00 to $46.00 in a research note on Wednesday, July 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of GDS in a research note on Wednesday. Finally, JMP Securities boosted their target price on GDS from $40.00 to $50.00 and gave the company a “market outperform” rating in a research report on Thursday, August 21st.

Institutional Trading of GDS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in 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 purchasing an additional 531 shares during the period. Advisors Asset Management Inc. grew its holdings in GDS by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 1,639 shares of the company’s stock valued at $50,000 after purchasing an additional 666 shares during the period. Huntington National Bank grew its holdings in GDS by 83,700.0% during the second quarter. Huntington National Bank now owns 838 shares of the company’s stock valued at $26,000 after purchasing an additional 837 shares during the period. Brooklyn Investment Group grew its holdings in GDS by 2,390.0% during the first quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock valued at $25,000 after purchasing an additional 956 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in GDS by 113.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after purchasing an additional 974 shares during the period. 33.71% of the stock is owned by institutional investors.

GDS Stock Up 0.9%

Shares of NASDAQ:GDS opened at $37.84 on Friday. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 11.20 and a beta of 0.36. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.00 and a quick ratio of 2.00. The business’s 50-day moving average is $36.14 and its 200-day moving average is $30.47. GDS has a 1 year low of $16.92 and a 1 year high of $52.50.

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.