GDS (NASDAQ:GDS) Given New $37.00 Price Target at TD Cowen

GDS (NASDAQ:GDS) had its price objective reduced by research analysts at TD Cowen from $38.00 to $37.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price indicates a potential upside of 19.67% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of GDS in a research report on Wednesday, October 8th. Macquarie set a $46.70 target price on GDS in a research note on Thursday, November 6th. Zacks Research cut shares of GDS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. JMP Securities boosted their target price on GDS from $40.00 to $50.00 and gave the company a “market outperform” rating in a research note on Thursday, August 21st. Finally, Bank of America increased their price target on GDS from $47.60 to $50.60 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.66.

GDS Stock Up 3.9%

NASDAQ GDS traded up $1.17 on Thursday, reaching $30.92. The company had a trading volume of 639,357 shares, compared to its average volume of 2,694,666. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.71. The company’s fifty day moving average is $35.86 and its 200 day moving average is $32.80. GDS has a 52-week low of $16.92 and a 52-week high of $52.50. The stock has a market capitalization of $5.89 billion, a P/E ratio of 9.15 and a beta of 0.37.

GDS (NASDAQ:GDS) last posted its earnings results on Wednesday, November 19th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.51. The firm had revenue of $405.28 million during the quarter, compared to analyst estimates of $402.81 million. GDS had a net margin of 40.83% and a return on equity of 1.40%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.14) EPS. GDS has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that GDS will post -0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GDS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board lifted its position in GDS by 77.7% during the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock valued at $214,115,000 after purchasing an additional 3,062,658 shares during the last quarter. Aspex Management HK Ltd boosted its holdings in shares of GDS by 46.4% in the 2nd quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock worth $134,720,000 after purchasing an additional 1,397,073 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of GDS by 1,671.6% during the 3rd quarter. Marshall Wace LLP now owns 1,227,203 shares of the company’s stock valued at $47,493,000 after buying an additional 1,157,934 shares in the last quarter. Bamco Inc. NY lifted its position in GDS by 35.0% in the 3rd quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock worth $164,810,000 after buying an additional 1,104,756 shares during the last quarter. Finally, Nishkama Capital LLC purchased a new stake in GDS in the third quarter worth approximately $28,037,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

About GDS

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.