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

GDS Holdings (NASDAQ:GDS - Get Free Report) has been assigned a consensus recommendation of "Buy" from the nine analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $39.48.

Several research firms recently issued reports on GDS. JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 price objective on shares of GDS in a research note on Wednesday, May 21st. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Daiwa Capital Markets reaffirmed a "buy" rating on shares of GDS in a research note on Wednesday, May 28th. Citigroup reaffirmed an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Finally, Raymond James Financial raised shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 price objective for the company in a research note on Thursday, March 20th.

GDS Stock Up 1.6%

Shares of NASDAQ:GDS traded up $0.48 during trading on Thursday, reaching $30.17. 1,777,256 shares of the company traded hands, compared to its average volume of 2,202,468. The firm has a fifty day simple moving average of $26.36 and a 200 day simple moving average of $26.98. The firm has a market cap of $5.75 billion, a P/E ratio of 9.25 and a beta of 0.26. GDS has a 1-year low of $9.22 and a 1-year high of $52.50. 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 (NASDAQ:GDS - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.70. GDS had a net margin of 39.90% and a return on equity of 0.78%. The business had revenue of $375.14 million during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the previous year, the business earned ($1.96) EPS. GDS's quarterly revenue was up 3.6% compared to the same quarter last year. Analysts anticipate that GDS will post -0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in GDS in the 1st quarter worth $25,000. Brooklyn Investment Group raised its holdings in GDS by 2,390.0% in the 1st quarter. Brooklyn Investment Group now owns 996 shares of the company's stock worth $25,000 after acquiring an additional 956 shares during the period. NewEdge Advisors LLC bought a new position in GDS in the 1st quarter worth $25,000. Summit Securities Group LLC bought a new position in GDS in the 1st quarter worth $26,000. Finally, PNC Financial Services Group Inc. raised its holdings in GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock worth $75,000 after acquiring an additional 672 shares during the period. Institutional investors own 33.71% of the company's stock.

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.