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

Shares of GDS Holdings (NASDAQ:GDS) have been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $48.1167.

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

Hedge Funds Weigh In On GDS

Several large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its stake in GDS by 264.8% in the 2nd quarter. Tidal Investments LLC now owns 88,097 shares of the company’s stock worth $2,646,000 after buying an additional 63,945 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of GDS during the 2nd quarter valued at about $7,508,000. Engineers Gate Manager LP acquired a new position in shares of GDS during the 2nd quarter valued at about $1,458,000. Carrhae Capital LLP lifted its holdings in shares of GDS by 51.1% during the 2nd quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock worth $99,112,000 after acquiring an additional 1,115,757 shares during the period. Finally, Nykredit A S purchased a new position in shares of GDS during the 2nd quarter worth about $63,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Price Performance

GDS stock opened at $32.79 on Friday. GDS has a 12-month low of $26.97 and a 12-month high of $48.61. The stock has a market capitalization of $6.57 billion, a P/E ratio of 15.25 and a beta of 0.43. The firm’s 50-day moving average is $32.21 and its two-hundred day moving average is $36.33. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.78 and a quick ratio of 1.78.

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

About GDS

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.