Shares of GDS Holdings Ltd – (NASDAQ:GDS) have earned an average recommendation of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $63.66.

Several research firms have recently commented on GDS. BidaskClub lowered shares of GDS from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 7th. Royal Bank of Canada restated a “buy” rating and issued a $69.00 target price on shares of GDS in a research report on Thursday, April 2nd. SunTrust Banks upped their price target on GDS from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday. Goldman Sachs Group initiated coverage on GDS in a research report on Tuesday, April 21st. They set a “buy” rating and a $70.30 price objective for the company. Finally, Raymond James reaffirmed a “buy” rating and issued a $58.00 target price on shares of GDS in a research report on Thursday, March 26th.

Several institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC grew its position in shares of GDS by 231.8% during the fourth quarter. Cubist Systematic Strategies LLC now owns 700 shares of the company’s stock worth $36,000 after buying an additional 489 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of GDS in the 4th quarter valued at about $38,000. Signaturefd LLC lifted its holdings in shares of GDS by 2,988.0% in the 1st quarter. Signaturefd LLC now owns 772 shares of the company’s stock valued at $45,000 after purchasing an additional 747 shares during the last quarter. AJO LP purchased a new stake in shares of GDS in the 1st quarter valued at about $62,000. Finally, Whitnell & Co. purchased a new stake in shares of GDS in the 4th quarter valued at about $82,000. 80.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of GDS stock opened at $62.03 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.44. GDS has a twelve month low of $30.90 and a twelve month high of $65.34. The company’s 50-day moving average price is $56.77 and its 200-day moving average price is $52.87. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of -117.04 and a beta of 1.48.

GDS (NASDAQ:GDS) last issued its earnings results on Thursday, March 19th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The firm had revenue of $169.38 million for the quarter, compared to analysts’ expectations of $163.83 million. GDS had a negative return on equity of 4.98% and a negative net margin of 10.76%. As a group, equities research analysts predict that GDS will post -0.03 EPS for the current year.

About GDS

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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