Analysts Set GDS Holdings Limited (NASDAQ:GDS) PT at $39.48

GDS Holdings Limited (NASDAQ:GDS) has earned an average rating of “Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $39.48.

GDS has been the topic of a number of analyst reports. Daiwa Capital Markets reaffirmed a “buy” rating on shares of GDS in a research report on Wednesday, May 28th. Jefferies Financial Group raised shares of GDS from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, March 18th. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of GDS in a research note on Wednesday, May 21st. Citigroup restated an “outperform” rating on shares of GDS in a research note on Thursday, March 20th. Finally, Raymond James upgraded shares of GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research note on Thursday, March 20th.

GDS Trading Down 1.5%

Shares of GDS stock opened at $25.28 on Friday. The company’s fifty day simple moving average is $24.33 and its 200-day simple moving average is $26.12. The stock has a market capitalization of $4.82 billion, a PE ratio of -8.29 and a beta of 0.25. GDS has a 1-year low of $8.62 and a 1-year high of $52.50. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.

GDS (NASDAQ:GDS) last released its earnings results on Tuesday, May 20th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.70. The company had revenue of $375.14 million for the quarter, compared to the consensus estimate of $2.72 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. GDS’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.96) earnings per share. As a group, equities analysts anticipate that GDS will post -0.89 earnings per share for the current year.

Institutional Trading of GDS

Several hedge funds have recently bought and sold shares of the stock. Anson Funds Management LP purchased a new stake in GDS in the 1st quarter worth $1,287,000. Bayforest Capital Ltd purchased a new stake in shares of GDS in the first quarter worth about $624,000. Woodline Partners LP lifted its position in shares of GDS by 7.0% in the first quarter. Woodline Partners LP now owns 219,745 shares of the company’s stock worth $5,566,000 after buying an additional 14,468 shares in the last quarter. Scientech Research LLC purchased a new stake in shares of GDS in the first quarter worth about $852,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of GDS in the first quarter worth about $25,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

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.