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

GDS Holdings (NASDAQ:GDS) has received a consensus recommendation of “Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $49.90.

A number of research firms have recently weighed in on GDS. Zacks Research raised GDS from a “hold” rating to a “strong-buy” rating in a report on Monday, March 23rd. Weiss Ratings cut GDS from a “hold (c+)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $64.00 price target on shares of GDS in a report on Tuesday, March 17th.

Institutional Investors Weigh In On GDS

A number of hedge funds have recently made changes to their positions in GDS. Advisors Asset Management Inc. bought a new stake in shares of GDS during the first quarter valued at approximately $25,000. NewEdge Advisors LLC bought a new stake in GDS during the first quarter worth approximately $25,000. Assetmark Inc. raised its holdings in GDS by 1,123.2% during the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after purchasing an additional 629 shares in the last quarter. Leonteq Securities AG bought a new stake in GDS during the fourth quarter worth approximately $34,000. Finally, Hantz Financial Services Inc. raised its holdings in GDS by 165.0% during the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock worth $53,000 after purchasing an additional 850 shares in the last quarter. Institutional investors own 33.71% of the company’s stock.

GDS Stock Performance

GDS opened at $42.44 on Friday. The business’s 50 day moving average is $42.63 and its 200-day moving average is $39.85. The stock has a market cap of $8.25 billion, a PE ratio of 81.62 and a beta of 0.46. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 1.60. GDS has a twelve month low of $22.53 and a twelve month high of $48.61.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Saturday, February 14th. The company reported ($0.35) earnings per share for the quarter. The business had revenue of $417.60 million for the quarter. GDS had a net margin of 8.12% and a return on equity of 8.79%. On average, analysts predict that GDS will post 1.16 earnings per share for the current year.

GDS Company Profile

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.