GDS Holdings Ltd – (NASDAQ:GDS) Given Consensus Rating of “Buy” by Analysts

GDS Holdings Ltd – (NASDAQ:GDS) has earned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $40.20.

A number of research analysts have weighed in on the stock. ValuEngine upgraded shares of GDS from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Zacks Investment Research upgraded shares of GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. TheStreet cut shares of GDS from a “c-” rating to a “d” rating in a research note on Monday, May 6th. Finally, BidaskClub cut shares of GDS from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

GDS traded up $3.13 during midday trading on Tuesday, reaching $41.70. The company had a trading volume of 81,998 shares, compared to its average volume of 757,737. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $4.53 billion, a PE ratio of -81.71 and a beta of 3.04. GDS has a 12-month low of $20.84 and a 12-month high of $43.15. The business’s 50-day moving average price is $38.62.

GDS (NASDAQ:GDS) last released its earnings results on Tuesday, May 14th. The company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.05). The company had revenue of $891.80 million during the quarter, compared to analysts’ expectations of $888.42 million. GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The firm’s revenue was up 58.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.71) earnings per share. Analysts anticipate that GDS will post -0.47 EPS for the current year.

Several hedge funds have recently made changes to their positions in the stock. FMR LLC increased its holdings in GDS by 13.5% during the 1st quarter. FMR LLC now owns 2,681,325 shares of the company’s stock worth $95,696,000 after acquiring an additional 319,481 shares during the period. Zweig DiMenna Associates LLC bought a new stake in GDS during the 1st quarter worth approximately $6,851,000. American Century Companies Inc. increased its holdings in GDS by 94.4% during the 1st quarter. American Century Companies Inc. now owns 5,617,248 shares of the company’s stock worth $200,480,000 after acquiring an additional 2,728,377 shares during the period. Geode Capital Management LLC increased its holdings in GDS by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 145,753 shares of the company’s stock worth $3,347,000 after acquiring an additional 10,172 shares during the period. Finally, Waratah Capital Advisors Ltd. bought a new stake in GDS during the 1st quarter worth approximately $1,306,000. Institutional investors own 62.54% of the company’s stock.

GDS Company Profile

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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Analyst Recommendations for GDS (NASDAQ:GDS)

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