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

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

A number of brokerages recently commented on GDS. BMO Capital Markets upgraded shares of GDS to a “market perform” rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. upgraded shares of GDS from a “neutral” rating to an “overweight” rating and upped their price target for the company from $34.00 to $46.00 in a report on Wednesday, July 16th. Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of GDS in a report on Wednesday, October 8th. Finally, Bank of America upped their price target on shares of GDS from $47.60 to $50.60 and gave the company a “buy” rating in a report on Friday, August 22nd.

Institutional Investors Weigh In On GDS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDS. Canada Pension Plan Investment Board raised its holdings in GDS by 77.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock valued at $214,115,000 after buying an additional 3,062,658 shares during the last quarter. Aspex Management HK Ltd raised its holdings in GDS by 46.4% in the 2nd quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock worth $134,720,000 after purchasing an additional 1,397,073 shares in the last quarter. Light Street Capital Management LLC bought a new position in GDS in the 2nd quarter worth $21,845,000. Norges Bank bought a new position in GDS in the 2nd quarter worth $18,342,000. Finally, MY.Alpha Management HK Advisors Ltd bought a new position in GDS in the 2nd quarter worth $14,273,000. 33.71% of the stock is currently owned by institutional investors.

GDS Price Performance

Shares of NASDAQ:GDS opened at $35.87 on Wednesday. The stock has a market cap of $6.84 billion, a PE ratio of 10.61 and a beta of 0.36. The company’s fifty day moving average is $36.14 and its 200 day moving average is $31.68. GDS has a 52 week low of $16.92 and a 52 week high of $52.50. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.71.

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.