GDS Holdings (NASDAQ:GDS) Receives $40.57 Consensus Target Price from Analysts

Shares of GDS Holdings (NASDAQ:GDS - Get Free Report) have earned an average recommendation of "Buy" from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $40.57.

A number of research firms have recently issued reports on GDS. JPMorgan Chase & Co. upgraded GDS from a "neutral" rating to an "overweight" rating and upped their price target for the company from $34.00 to $46.00 in a research report on Wednesday, July 16th. JMP Securities reaffirmed a "market outperform" rating and issued a $40.00 target price on shares of GDS in a research note on Wednesday, May 21st. Daiwa Capital Markets reissued a "buy" rating on shares of GDS in a research report on Wednesday, May 28th. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, BMO Capital Markets upgraded shares of GDS to a "market perform" rating in a report on Wednesday, July 16th.

GDS Stock Performance

GDS traded down $0.70 on Monday, reaching $36.02. The stock had a trading volume of 1,009,148 shares, compared to its average volume of 2,197,596. The business's 50-day moving average price is $29.73 and its two-hundred day moving average price is $28.58. The company has a market cap of $6.86 billion, a P/E ratio of 11.05 and a beta of 0.31. GDS has a 12-month low of $9.88 and a 12-month high of $52.50. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.62.

GDS (NASDAQ:GDS - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.70. GDS had a return on equity of 0.78% and a net margin of 39.90%. The business had revenue of $375.14 million for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the business posted ($1.96) earnings per share. The business's quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts forecast that GDS will post -0.89 earnings per share for the current year.

Hedge Funds Weigh In On GDS

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brooklyn Investment Group grew its position 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 buying an additional 956 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of GDS in the 1st quarter valued at about $25,000. NewEdge Advisors LLC purchased a new position in GDS during the 1st quarter worth approximately $25,000. Summit Securities Group LLC acquired a new position in GDS during the first quarter worth approximately $26,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after acquiring an additional 672 shares during the period. Institutional investors and hedge funds 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.