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

Shares of GDS Holdings (NASDAQ:GDS) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $46.70.

Several equities analysts recently issued reports on GDS shares. TD Cowen reduced their price target on GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a research note on Monday, December 29th. Macquarie Infrastructure set a $46.70 price target on shares of GDS in a research report on Thursday, November 6th. Finally, UBS Group set a $55.00 price objective on shares of GDS in a research report on Monday, December 1st.

Institutional Investors Weigh In On GDS

A number of large investors have recently made changes to their positions in GDS. Advisors Asset Management Inc. purchased a new position in shares of GDS during the first quarter valued at approximately $25,000. NewEdge Advisors LLC purchased a new position in GDS during the 1st quarter valued at $25,000. Huntington National Bank increased its position in GDS by 83,700.0% during the 2nd quarter. Huntington National Bank now owns 838 shares of the company’s stock valued at $26,000 after purchasing an additional 837 shares during the period. Assetmark Inc. lifted its position in shares of GDS by 1,123.2% in the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after purchasing an additional 629 shares during the period. Finally, Leonteq Securities AG bought a new stake in shares of GDS during the 4th quarter valued at about $34,000. 33.71% of the stock is currently owned by institutional investors.

GDS Stock Performance

Shares of NASDAQ:GDS opened at $46.84 on Friday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.65. The company’s fifty day moving average is $39.93 and its 200 day moving average is $36.72. GDS has a 52 week low of $16.92 and a 52 week high of $52.50.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Wednesday, November 19th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.51. The firm had revenue of $405.28 million for the quarter, compared to analysts’ expectations of $402.81 million. GDS had a return on equity of 5.17% and a net margin of 49.60%.The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.14) earnings per share. As a group, equities research analysts predict that GDS will post -0.89 EPS for the current fiscal year.

About GDS

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.