GDS Holdings Limited (NASDAQ:GDS) Receives $39.48 Consensus PT from Brokerages

GDS Holdings Limited (NASDAQ:GDS) has earned an average rating of “Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $39.48.

GDS has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded GDS from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Tuesday, March 18th. StockNews.com downgraded GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Raymond James upgraded GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research note on Thursday, March 20th. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, JMP Securities set a $40.00 price objective on shares of GDS in a research report on Thursday, March 20th.

Institutional Investors Weigh In On GDS

A number of institutional investors and hedge funds have recently bought and sold shares of GDS. Amiral Gestion bought a new position in shares of GDS in the 4th quarter worth $333,000. Voloridge Investment Management LLC grew its position in GDS by 36.9% in the fourth quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock worth $12,383,000 after acquiring an additional 140,343 shares in the last quarter. Woodline Partners LP bought a new position in GDS in the fourth quarter valued at $4,877,000. Vident Advisory LLC raised its position in GDS by 23.9% during the fourth quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock valued at $580,000 after purchasing an additional 4,710 shares in the last quarter. Finally, Triata Capital Ltd bought a new stake in GDS during the fourth quarter worth about $41,472,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

GDS Stock Performance

NASDAQ GDS opened at $20.40 on Friday. 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 fifty day simple moving average of $31.40 and a 200 day simple moving average of $25.16. GDS has a 12-month low of $5.86 and a 12-month high of $52.50. The company has a market cap of $3.89 billion, a P/E ratio of -6.69 and a beta of 0.23.

GDS (NASDAQ:GDS) last posted its earnings results on Wednesday, March 19th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate 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 previous year, the firm posted ($2.16) earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts predict 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.