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

Shares of GDS Holdings (NASDAQ:GDS) have earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $46.70.

GDS has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. TD Cowen decreased their price target on GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. UBS Group set a $55.00 price objective on GDS in a research note on Monday, December 1st. Macquarie Infrastructure set a $46.70 target price on shares of GDS in a report on Thursday, November 6th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th.

GDS Stock Down 0.5%

Shares of GDS opened at $46.11 on Friday. GDS has a fifty-two week low of $16.92 and a fifty-two week high of $52.50. The firm has a 50 day moving average price of $39.42 and a 200-day moving average price of $36.58. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.51 and a current ratio of 2.51.

GDS (NASDAQ:GDS) last issued its earnings results on Wednesday, November 19th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.51. GDS had a net margin of 49.60% and a return on equity of 5.17%. The company had revenue of $405.28 million for the quarter, compared to analysts’ expectations of $402.81 million. During the same quarter last year, the company earned ($0.14) EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. As a group, research analysts forecast that GDS will post -0.89 earnings per share for the current year.

Institutional Trading of GDS

Institutional investors have recently modified their holdings of the company. Assetmark Inc. increased its holdings in GDS by 1,123.2% during the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after purchasing an additional 629 shares during the period. Huntington National Bank grew its position in shares of GDS by 83,700.0% in the 2nd quarter. Huntington National Bank now owns 838 shares of the company’s stock worth $26,000 after buying an additional 837 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of GDS in the 4th quarter worth approximately $34,000. Advisors Asset Management Inc. purchased a new position in shares of GDS during the first quarter valued at approximately $25,000. Finally, NewEdge Advisors LLC bought a new position in shares of GDS during the first quarter valued at approximately $25,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

About GDS

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.