GDS Holdings Limited (NASDAQ:GDS) Given Average Rating of “Moderate Buy” by Analysts

Shares of GDS Holdings Limited (NASDAQ:GDSGet Free Report) have earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $22.25.

Separately, Jefferies Financial Group upped their price target on shares of GDS from $17.22 to $17.75 and gave the stock a “buy” rating in a research note on Friday, November 24th.

View Our Latest Research Report on GDS

Institutional Investors Weigh In On GDS

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in shares of GDS by 68.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,722,047 shares of the company’s stock valued at $146,090,000 after purchasing an additional 1,507,914 shares during the last quarter. Bank of America Corp DE grew its position in shares of GDS by 26.1% in the first quarter. Bank of America Corp DE now owns 1,970,537 shares of the company’s stock valued at $36,770,000 after purchasing an additional 407,742 shares during the last quarter. Cerity Partners LLC grew its position in shares of GDS by 1.3% in the fourth quarter. Cerity Partners LLC now owns 1,891,807 shares of the company’s stock valued at $39,009,000 after purchasing an additional 24,010 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of GDS by 76.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,630,386 shares of the company’s stock valued at $17,853,000 after purchasing an additional 707,149 shares during the last quarter. Finally, Toronado Partners LLC grew its position in GDS by 56.9% during the first quarter. Toronado Partners LLC now owns 839,688 shares of the company’s stock worth $32,958,000 after buying an additional 304,363 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Stock Up 18.2 %

NASDAQ:GDS opened at $5.98 on Wednesday. The firm has a market capitalization of $1.14 billion, a PE ratio of -5.64 and a beta of 0.37. GDS has a 52 week low of $5.01 and a 52 week high of $26.50. The stock has a 50 day moving average of $7.74 and a 200-day moving average of $9.92. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.96.

GDS (NASDAQ:GDSGet Free Report) last announced its earnings results on Wednesday, November 22nd. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.03. GDS had a negative net margin of 13.32% and a negative return on equity of 5.75%. The company had revenue of $345.26 million for the quarter, compared to the consensus estimate of $347.42 million. Analysts predict that GDS will post -1.24 EPS for the current year.

GDS Company Profile

(Get Free Report

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.

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Analyst Recommendations for GDS (NASDAQ:GDS)

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