GDS Holdings Limited (NASDAQ:GDS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of GDS Holdings Limited (NASDAQ:GDS) have received an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $33.23.

Several research analysts recently commented on the stock. StockNews.com downgraded shares of GDS from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Citizens Jmp upgraded GDS to a “strong-buy” rating in a report on Monday, January 27th. Raymond James raised their price objective on shares of GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Finally, JMP Securities began coverage on shares of GDS in a research note on Monday, January 27th. They set an “outperform” rating and a $35.00 target price for the company.

Institutional Trading of GDS

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after purchasing an additional 672 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of GDS by 1.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock worth $3,721,000 after buying an additional 2,543 shares in the last quarter. Blue Trust Inc. lifted its position in shares of GDS by 121.9% during the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after buying an additional 3,053 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in GDS in the 3rd quarter valued at $64,000. Finally, Invesco Ltd. grew its position in GDS by 4.1% in the fourth quarter. Invesco Ltd. now owns 88,423 shares of the company’s stock valued at $2,101,000 after acquiring an additional 3,481 shares during the period. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Stock Up 0.5 %

GDS opened at $35.45 on Tuesday. The firm has a market cap of $6.76 billion, a P/E ratio of -11.62 and a beta of 0.07. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The business has a 50 day moving average price of $31.11 and a 200 day moving average price of $24.24. GDS has a twelve month low of $5.85 and a twelve month high of $52.50.

GDS Company Profile

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.