GDS Holdings Limited (NASDAQ:GDS) Receives $18.29 Average PT from Analysts

GDS Holdings Limited (NASDAQ:GDS) has been given a consensus recommendation of “Buy” by the five ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $18.29.

Several equities analysts have issued reports on the stock. Nomura Securities raised shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. Royal Bank of Canada lifted their target price on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Bank of America lifted their target price on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research note on Tuesday, August 27th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after buying an additional 1,215 shares during the last quarter. Blue Trust Inc. lifted its position in shares of GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after buying an additional 2,353 shares during the last quarter. BNP Paribas Financial Markets raised its position in GDS by 1.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock valued at $3,721,000 after purchasing an additional 2,543 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in GDS in the 3rd quarter valued at $64,000. Finally, Centiva Capital LP raised its position in GDS by 49.5% in the 3rd quarter. Centiva Capital LP now owns 23,479 shares of the company’s stock valued at $479,000 after purchasing an additional 7,772 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Stock Up 7.0 %

NASDAQ:GDS opened at $23.49 on Tuesday. The firm has a market capitalization of $4.48 billion, a P/E ratio of -7.32 and a beta of 0.23. GDS has a 1-year low of $5.01 and a 1-year high of $24.74. The company’s fifty day moving average price is $20.91 and its 200-day moving average price is $14.46. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.07. The company had revenue of $388.92 million for the quarter, compared to analyst estimates of $384.14 million. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. As a group, equities research analysts anticipate that GDS will post -1.14 EPS for the current year.

GDS Company Profile

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.