GDS Holdings (NASDAQ:GDS) Receives $39.48 Average Target Price from Brokerages

Shares of GDS Holdings (NASDAQ:GDS - Get Free Report) have been given a consensus rating of "Buy" by the nine analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $39.48.

Several equities research analysts have commented on the stock. Jefferies Financial Group raised shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 price objective on the stock in a report on Tuesday, March 18th. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Citigroup reaffirmed an "outperform" rating on shares of GDS in a report on Thursday, March 20th. Raymond James Financial upgraded GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price target on the stock in a research report on Thursday, March 20th. Finally, Daiwa Capital Markets reiterated a "buy" rating on shares of GDS in a research report on Wednesday, May 28th.

GDS Trading Up 3.3%

GDS stock traded up $0.96 during mid-day trading on Thursday, hitting $29.69. 1,929,352 shares of the stock were exchanged, compared to its average volume of 2,187,908. The firm's fifty day simple moving average is $26.03 and its two-hundred day simple moving average is $26.77. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 9.11 and a beta of 0.25. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.62. GDS has a 12 month low of $9.07 and a 12 month high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported $0.48 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 net margin of 39.90% and a return on equity of 0.78%. GDS's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.96) EPS. Analysts forecast that GDS will post -0.89 EPS for the current year.

Institutional Investors Weigh In On GDS

A number of large investors have recently made changes to their positions in the company. Anson Funds Management LP purchased a new position in shares of GDS during the 1st quarter valued at about $1,287,000. Bayforest Capital Ltd purchased a new stake in shares of GDS during the 1st quarter worth approximately $624,000. Woodline Partners LP increased its position in shares of GDS by 7.0% during the 1st quarter. Woodline Partners LP now owns 219,745 shares of the company's stock valued at $5,566,000 after purchasing an additional 14,468 shares during the last quarter. Scientech Research LLC bought a new position in shares of GDS during the 1st quarter valued at approximately $852,000. Finally, NewEdge Advisors LLC bought a new position in shares of GDS during the 1st quarter valued at approximately $25,000. 33.71% of the stock is currently owned by institutional investors.

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.