GDS Holdings (NASDAQ:GDS) Receives Average Rating of “Moderate Buy” from Brokerages

GDS Holdings (NASDAQ:GDS) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $46.9333.

A number of research analysts have issued reports on the company. JMP Securities lifted their price objective on GDS from $40.00 to $50.00 and gave the company a “market outperform” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. upgraded GDS from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $34.00 to $46.00 in a research note on Wednesday, July 16th. Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. BMO Capital Markets upgraded GDS to a “market perform” rating in a research note on Wednesday, July 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of GDS in a research note on Saturday, September 27th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Amiral Gestion raised its stake in shares of GDS by 38.9% in the second quarter. Amiral Gestion now owns 25,000 shares of the company’s stock worth $764,000 after purchasing an additional 7,000 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of GDS by 218.2% in the second quarter. Headlands Technologies LLC now owns 46,386 shares of the company’s stock worth $1,418,000 after purchasing an additional 31,810 shares during the last quarter. BROOKFIELD Corp ON bought a new stake in shares of GDS in the second quarter worth $157,000. Light Street Capital Management LLC bought a new stake in shares of GDS in the second quarter worth $21,845,000. Finally, Eschler Asset Management LLP bought a new stake in shares of GDS in the second quarter worth $10,887,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Stock Down 4.2%

Shares of NASDAQ:GDS opened at $39.63 on Friday. The stock has a fifty day simple moving average of $36.01 and a two-hundred day simple moving average of $30.28. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of 11.72 and a beta of 0.36. GDS has a 12-month low of $16.92 and a 12-month high of $52.50. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.71.

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.