GDS Holdings (NASDAQ:GDS) Stock Has Consensus Price Target of $48.12

GDS Holdings (NASDAQ:GDS) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $48.12.

Several research analysts have recently commented on GDS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. Raymond James Financial restated a “strong-buy” rating and set a $51.00 target price on shares of GDS in a report on Tuesday, September 1st. Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Finally, Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research note on Sunday, September 6th.

GDS Stock Down 1.7%

Shares of NASDAQ GDS opened at $32.77 on Friday. GDS has a one year low of $26.97 and a one year high of $48.61. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.78 and a quick ratio of 1.78. The firm’s 50 day simple moving average is $32.31 and its two-hundred day simple moving average is $36.14. The stock has a market capitalization of $6.57 billion, a P/E ratio of 15.24 and a beta of 0.43.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. The firm had revenue of $454.51 million during the quarter. As a group, analysts expect that GDS will post 2.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GDS. PNC Financial Services Group Inc. increased its position in shares of GDS by 8.4% in the first quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the company’s stock valued at $157,000 after acquiring an additional 303 shares during the period. Parallel Advisors LLC grew its position in shares of GDS by 6.2% in the 1st quarter. Parallel Advisors LLC now owns 7,330 shares of the company’s stock worth $295,000 after buying an additional 429 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of GDS by 73.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,160 shares of the company’s stock worth $87,000 after buying an additional 915 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of GDS during the fourth quarter valued at approximately $34,000. Finally, Summit Securities Group LLC purchased a new position in shares of GDS during the first quarter valued at approximately $65,000. Institutional investors own 33.71% of the company’s stock.

GDS Company Profile

GDS Holdings Limited is a developer and operator of data centers serving cloud service providers, internet companies, financial institutions and other enterprises. The company provides data center infrastructure designed to support critical information technology systems, including space, power, cooling, connectivity and security.

Its services include colocation, managed infrastructure and related data center solutions. GDS also offers connectivity to telecommunications carriers, cloud platforms and internet exchanges, helping customers deploy and operate technology systems in secure, highly available facilities.

Founded in 2001, GDS has built a network of data centers primarily in China, with additional operations and expansion efforts in selected international markets, including Southeast Asia and Hong Kong.