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

Key Points

• GDS Holdings has received a consensus rating of "Moderate Buy" from analysts, with four holds, six buys, and two strong buys among twelve ratings.
• The average 1-year price objective among updating analysts is $46.93, with institutions significantly increasing their stakes in the company recently.
• Despite a 4.2% decline in trading, GDS shares have shown considerable price movement, with a 52-week range of $16.92 to $52.50.

Shares of GDS Holdings (NASDAQ:GDS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $46.9333.

Several equities research analysts have weighed in on the company. BMO Capital Markets upgraded GDS to a "market perform" rating in a report on Wednesday, July 16th. Zacks Research cut GDS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. JMP Securities increased their price objective on GDS from $40.00 to $50.00 and gave the stock a "market outperform" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. upgraded GDS from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $34.00 to $46.00 in a report on Wednesday, July 16th. Finally, Bank of America raised their target price on GDS from $47.60 to $50.60 and gave the company a "buy" rating in a research note on Friday, August 22nd.

GDS Trading Down 4.2%

NASDAQ GDS opened at $39.63 on Friday. GDS has a fifty-two week low of $16.92 and a fifty-two week high of $52.50. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a 50 day simple moving average of $36.01 and a two-hundred day simple moving average of $30.28. The stock has a market cap of $7.55 billion, a P/E ratio of 11.72 and a beta of 0.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Huntington National Bank lifted its stake in shares of GDS by 83,700.0% in the 2nd 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. Advisors Asset Management Inc. purchased a new position in shares of GDS in the 1st quarter valued at approximately $25,000. Brooklyn Investment Group lifted its stake in shares of GDS by 2,390.0% in the 1st 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. NewEdge Advisors LLC purchased a new position in shares of GDS in the 1st quarter valued at approximately $25,000. Finally, Summit Securities Group LLC purchased a new position in shares of GDS in the 1st quarter valued at approximately $26,000. Hedge funds and other institutional investors own 33.71% of the company's stock.

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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