GDS Holdings Limited (NASDAQ:GDS) Given Consensus Rating of "Buy" by Analysts

Shares of GDS Holdings Limited (NASDAQ:GDS - Get Free Report) have been assigned an average recommendation of "Buy" from the nine ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $39.48.

A number of brokerages have recently commented on GDS. Raymond James raised shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price on the stock in a research note on Thursday, March 20th. Citizens Jmp upgraded GDS to a "strong-buy" rating in a research note on Monday, January 27th. Royal Bank of Canada downgraded GDS from an "outperform" rating to a "sector perform" rating and upped their target price for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. JMP Securities set a $40.00 target price on GDS in a report on Thursday, March 20th. Finally, StockNews.com cut GDS from a "hold" rating to a "sell" rating in a report on Friday, February 28th.

GDS Price Performance

GDS stock opened at $28.06 on Wednesday. The company has a market cap of $5.35 billion, a PE ratio of -9.20 and a beta of 0.28. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The stock has a 50-day moving average price of $26.97 and a two-hundred day moving average price of $25.38. GDS has a 12-month low of $7.35 and a 12-month high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.27) by $0.17. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The business had revenue of $425.13 million during the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter in the previous year, the business earned ($2.16) EPS. The company's revenue for the quarter was up 9.1% on a year-over-year basis. As a group, research analysts predict that GDS will post -0.89 EPS for the current year.

Institutional Investors Weigh In On GDS

Several hedge funds and other institutional investors have recently bought and sold shares of GDS. Geode Capital Management LLC grew its position in shares of GDS by 20.5% during the third quarter. Geode Capital Management LLC now owns 77,057 shares of the company's stock worth $1,572,000 after buying an additional 13,121 shares in the last quarter. Tidal Investments LLC bought a new position in GDS during the 3rd quarter valued at $842,000. JPMorgan Chase & Co. grew its holdings in GDS by 7,553.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company's stock worth $12,461,000 after acquiring an additional 602,840 shares in the last quarter. Blue Trust Inc. increased its position in shares of GDS by 121.9% in the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company's stock worth $132,000 after purchasing an additional 3,053 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of GDS by 26.5% in the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company's stock valued at $21,360,000 after purchasing an additional 188,072 shares in the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

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.

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