Analysts Set GDS Holdings Limited (NASDAQ:GDS) Target Price at $15.29

GDS Holdings Limited (NASDAQ:GDS) has received a consensus rating of “Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $15.29.

GDS has been the topic of several research analyst reports. Nomura Securities raised shares of GDS to a “strong-buy” rating in a research report on Monday, August 26th. Bank of America boosted their price target on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, Royal Bank of Canada raised shares of GDS from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $13.00 to $14.00 in a report on Monday, July 8th.

GDS Trading Up 1.7 %

NASDAQ GDS opened at $17.03 on Thursday. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of -5.31 and a beta of 0.20. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39. GDS has a 12 month low of $5.01 and a 12 month high of $17.36. The company’s fifty day moving average price is $12.09 and its two-hundred day moving average price is $9.26.

Institutional Trading of GDS

Several hedge funds have recently bought and sold shares of GDS. Creative Planning increased its stake in shares of GDS by 10.3% in the second quarter. Creative Planning now owns 99,850 shares of the company’s stock valued at $928,000 after purchasing an additional 9,332 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in GDS in the 2nd quarter valued at approximately $108,000. Quadrature Capital Ltd bought a new stake in GDS during the 4th quarter valued at $107,000. Berylson Capital Partners LLC boosted its position in GDS by 23.0% during the 4th quarter. Berylson Capital Partners LLC now owns 115,000 shares of the company’s stock worth $1,049,000 after acquiring an additional 21,500 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of GDS in the second quarter worth $203,000. 33.71% of the stock is currently owned by institutional investors.

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.