Shares of GDS Holdings Limited (NASDAQ:GDS) have been assigned a consensus rating of “Buy” from the twelve analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $94.29.
GDS has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on GDS from $112.00 to $122.00 and gave the company an “outperform” rating in a research note on Monday, March 22nd. Zacks Investment Research upgraded GDS from a “sell” rating to a “hold” rating in a research note on Thursday, March 11th.
Institutional investors have recently made changes to their positions in the stock. AXA S.A. acquired a new stake in GDS in the 3rd quarter worth about $27,000. Capital Advisory Group Advisory Services LLC acquired a new stake in GDS in the 4th quarter worth about $27,000. RMR Wealth Builders acquired a new stake in GDS in the 4th quarter worth about $28,000. Benjamin F. Edwards & Company Inc. boosted its holdings in GDS by 597.3% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 788 shares of the company’s stock worth $74,000 after buying an additional 675 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in GDS by 39.1% in the 4th quarter. Signaturefd LLC now owns 1,004 shares of the company’s stock worth $94,000 after buying an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.
GDS (NASDAQ:GDS) last issued its earnings results on Wednesday, March 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.09). The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. GDS had a negative return on equity of 4.34% and a negative net margin of 9.66%. The business’s revenue was up 38.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) EPS. On average, sell-side analysts predict that GDS will post -0.51 EPS for the current fiscal year.
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, managed hosting, and managed cloud services, as well as consulting services to the cloud, internet and banking industries. The company serves cloud service providers, Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations.
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