Shares of GDS Holdings Ltd – (NASDAQ:GDS) have received a consensus rating of “Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $42.71.
Several equities analysts have recently commented on the company. Credit Suisse Group set a $42.00 price objective on GDS and gave the company a “buy” rating in a research report on Tuesday, March 19th. TheStreet upgraded GDS from a “d” rating to a “c-” rating in a research report on Wednesday, March 13th. BidaskClub upgraded GDS from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Zacks Investment Research upgraded GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th.
Several large investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new stake in shares of GDS in the first quarter worth about $124,000. Hayden Royal LLC purchased a new stake in shares of GDS in the first quarter worth about $263,000. Segantii Capital Management Ltd bought a new stake in GDS during the first quarter worth approximately $4,640,000. Deutsche Bank AG increased its stake in GDS by 14.5% during the fourth quarter. Deutsche Bank AG now owns 148,069 shares of the company’s stock worth $3,416,000 after acquiring an additional 18,714 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in GDS by 582.2% during the fourth quarter. American Century Companies Inc. now owns 2,888,871 shares of the company’s stock worth $66,704,000 after acquiring an additional 2,465,377 shares during the last quarter. Institutional investors own 47.03% of the company’s stock.
GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.03). GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The company had revenue of $829.52 million for the quarter, compared to the consensus estimate of $822.31 million. During the same period in the prior year, the firm posted ($0.12) EPS. The business’s revenue for the quarter was up 64.1% on a year-over-year basis. Equities analysts forecast that GDS will post -0.33 earnings per share for the current fiscal year.
GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.
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