GDS Holdings Limited (NASDAQ:GDS) Receives Consensus Rating of “Hold” from Brokerages

Shares of GDS Holdings Limited (NASDAQ:GDSGet Rating) have earned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $48.97.

A number of research analysts recently weighed in on GDS shares. Nomura Instinet reissued a “downgrade” rating on shares of GDS in a report on Friday, July 29th. StockNews.com raised shares of GDS to a “sell” rating in a report on Wednesday, August 24th. JPMorgan Chase & Co. lowered shares of GDS from an “overweight” rating to a “neutral” rating and set a $28.00 target price for the company. in a report on Thursday, August 25th. Daiwa Capital Markets lowered shares of GDS from an “outperform” rating to a “hold” rating and set a $24.00 target price for the company. in a report on Thursday, August 25th. Finally, Nomura lowered shares of GDS from a “buy” rating to a “neutral” rating in a report on Friday, July 29th.

Institutional Trading of GDS

Several institutional investors and hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board lifted its position in shares of GDS by 13.3% during the first quarter. Canada Pension Plan Investment Board now owns 8,130,225 shares of the company’s stock worth $319,111,000 after purchasing an additional 953,820 shares during the last quarter. Aspex Management HK Ltd lifted its position in shares of GDS by 2.6% during the first quarter. Aspex Management HK Ltd now owns 7,773,359 shares of the company’s stock worth $305,104,000 after purchasing an additional 200,101 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of GDS by 68.1% during the first quarter. Goldman Sachs Group Inc. now owns 3,722,047 shares of the company’s stock worth $146,090,000 after purchasing an additional 1,507,914 shares during the last quarter. State Street Corp lifted its position in shares of GDS by 2.3% during the fourth quarter. State Street Corp now owns 1,830,437 shares of the company’s stock worth $86,323,000 after purchasing an additional 41,643 shares during the last quarter. Finally, Anatole Investment Management Ltd bought a new stake in shares of GDS during the fourth quarter worth $77,988,000. 42.64% of the stock is currently owned by institutional investors.

GDS Trading Down 5.8 %

GDS stock opened at $21.63 on Monday. The stock has a market cap of $4.04 billion, a P/E ratio of -15.34 and a beta of 0.77. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.08 and a quick ratio of 1.08. GDS has a 1 year low of $19.83 and a 1 year high of $65.84. The firm’s 50 day moving average price is $26.82 and its 200-day moving average price is $30.59.

GDS (NASDAQ:GDSGet Rating) last released its quarterly earnings data on Tuesday, August 23rd. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.09. The firm had revenue of $344.94 million for the quarter, compared to analysts’ expectations of $341.75 million. GDS had a negative net margin of 18.23% and a negative return on equity of 6.63%. On average, equities analysts predict that GDS will post -1.54 earnings per share for the current fiscal year.

GDS Company Profile

(Get Rating)

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.

See Also

Analyst Recommendations for GDS (NASDAQ:GDS)

Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.