GDS Holdings Limited (NASDAQ:GDS) Receives $33.23 Consensus Target Price from Brokerages

GDS Holdings Limited (NASDAQ:GDS) has been given a consensus rating of “Buy” by the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $33.23.

A number of analysts have commented on GDS shares. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. JMP Securities started coverage on shares of GDS in a research note on Monday, January 27th. They set an “outperform” rating and a $35.00 price objective for the company. 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 research note on Tuesday. Royal Bank of Canada lowered shares of GDS from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $26.00 to $37.00 in a research note on Tuesday, February 25th. Finally, Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research note on Monday, January 27th.

Hedge Funds Weigh In On GDS

Large investors have recently made changes to their positions in the business. Alberta Investment Management Corp acquired a new position in shares of GDS in the 4th quarter valued at about $4,935,000. JPMorgan Chase & Co. increased its holdings in GDS by 7,553.4% in the third quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock worth $12,461,000 after buying an additional 602,840 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in GDS by 165.5% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company’s stock worth $1,286,000 after buying an additional 33,741 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in GDS in the third quarter worth approximately $27,212,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in GDS in the fourth quarter worth approximately $1,938,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Price Performance

Shares of NASDAQ GDS opened at $28.62 on Tuesday. GDS has a twelve month low of $5.85 and a twelve month high of $52.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of -9.38 and a beta of 0.06. The firm has a 50-day moving average of $31.32 and a two-hundred day moving average of $24.44.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.17. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The company had revenue of $425.13 million during the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the prior year, the company earned ($2.16) EPS. GDS’s revenue was up 9.1% on a year-over-year basis. As a group, analysts expect that GDS will post -0.89 earnings per share for the current fiscal 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.