GDS Holdings Limited (NASDAQ:GDS) Given Average Rating of "Buy" by Brokerages

Shares of GDS Holdings Limited (NASDAQ:GDS - Get Free Report) have received a consensus recommendation of "Buy" from the nine analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have given 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 analysts have recently issued reports on the company. Royal Bank of Canada lowered GDS from an "outperform" rating to a "sector perform" rating and lifted their target price for the stock from $26.00 to $37.00 in a research report on Tuesday, February 25th. Citigroup restated an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a report on Tuesday, March 18th. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Raymond James raised GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price objective for the company in a report on Thursday, March 20th.

Institutional Investors Weigh In On GDS

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new position in GDS in the 1st quarter worth approximately $25,000. Brooklyn Investment Group increased its stake in shares of GDS by 2,390.0% during the 1st quarter. Brooklyn Investment Group now owns 996 shares of the company's stock worth $25,000 after purchasing an additional 956 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of GDS during the 1st quarter valued at $25,000. Summit Securities Group LLC bought a new stake in GDS in the first quarter worth $26,000. Finally, PNC Financial Services Group Inc. raised its holdings in GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after buying an additional 672 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Trading Up 0.7%

Shares of GDS stock traded up $0.16 during trading hours on Friday, hitting $24.16. The company's stock had a trading volume of 250,734 shares, compared to its average volume of 3,148,621. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $4.60 billion, a PE ratio of -7.92 and a beta of 0.28. The business has a fifty day moving average of $24.34 and a 200 day moving average of $26.03. GDS has a 1-year low of $8.26 and a 1-year high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.70. The business had revenue of $375.14 million during the quarter, compared to analyst estimates of $2.72 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.96) earnings per share. As a group, equities analysts forecast that GDS will post -0.89 EPS for the current year.

About GDS

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.