GDS Holdings (GDS) – What Are Researchers Thinking About This Stock?

Shares of GDS Holdings (NASDAQ:GDS) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $48.40.

A number of equities research analysts have commented on the company. Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. Raymond James Financial reissued a “strong-buy” rating and issued a $51.00 price target on shares of GDS in a research report on Tuesday, September 1st. Finally, Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research note on Sunday, October 18th.

GDS Stock Up 1.7%

Shares of NASDAQ:GDS opened at $22.35 on Friday. The company has a fifty day moving average of $28.34 and a 200-day moving average of $35.91. The company has a market capitalization of $4.48 billion, a PE ratio of 10.40 and a beta of 0.47. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.78 and a current ratio of 1.78. GDS has a 52-week low of $20.57 and a 52-week high of $48.61.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Carrhae Capital LLP raised its position in GDS by 51.1% in the 2nd quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock valued at $99,112,000 after buying an additional 1,115,757 shares during the last quarter. Bank of America Corp DE boosted its holdings in GDS by 25.5% during the 1st quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock worth $87,723,000 after acquiring an additional 442,414 shares during the last quarter. WCM Investment Management LLC purchased a new position in GDS during the 1st quarter worth $68,092,000. Hsbc Holdings PLC boosted its holdings in GDS by 294.4% during the 1st quarter. Hsbc Holdings PLC now owns 1,220,693 shares of the company’s stock worth $48,746,000 after acquiring an additional 911,191 shares during the last quarter. Finally, Electron Capital Partners LLC grew its stake in shares of GDS by 640.6% in the 1st quarter. Electron Capital Partners LLC now owns 780,979 shares of the company’s stock worth $31,466,000 after acquiring an additional 675,531 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Company Profile

GDS Holdings Limited (NASDAQ: GDS) is a developer and operator of data centers. The company provides data center infrastructure and related services to cloud service providers, internet companies, financial institutions and other enterprises that require secure, scalable and highly connected computing facilities.

Its services include colocation, managed hosting, cloud connectivity, network services, disaster recovery and other data center solutions. GDS operates carrier-neutral facilities designed to support customers’ mission-critical information technology systems and connect them with telecommunications carriers, cloud platforms and internet exchanges.

Founded in 2001 and headquartered in Shanghai, GDS has built its primary presence in China and has expanded internationally through its GDS International business, with operations and development activities in selected markets across Southeast Asia.