GDS Holdings (NASDAQ:GDS) Receives $49.90 Consensus PT from Analysts

Shares of GDS Holdings (NASDAQ:GDS) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $48.0375.

A number of research analysts have weighed in on the company. Morgan Stanley restated an “overweight” rating and issued a $64.00 price target on shares of GDS in a research note on Tuesday, March 17th. Weiss Ratings upgraded GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. TD Cowen decreased their price target on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GDS. Canada Pension Plan Investment Board grew its stake in GDS by 77.7% in the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock valued at $214,115,000 after purchasing an additional 3,062,658 shares in the last quarter. Sachem Head Capital Management LP grew its stake in GDS by 45.0% in the fourth quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock valued at $324,570,000 after purchasing an additional 2,885,000 shares in the last quarter. WCM Investment Management LLC bought a new position in GDS in the first quarter valued at approximately $68,092,000. Barclays PLC lifted its position in shares of GDS by 20,731.3% in the fourth quarter. Barclays PLC now owns 1,720,247 shares of the company’s stock valued at $60,037,000 after buying an additional 1,711,989 shares during the last quarter. Finally, Carrhae Capital LLP lifted its position in shares of GDS by 295.4% in the third quarter. Carrhae Capital LLP now owns 1,648,278 shares of the company’s stock valued at $63,788,000 after buying an additional 1,231,375 shares during the last quarter. 33.71% of the stock is currently owned by institutional investors.

GDS Stock Down 0.4%

NASDAQ:GDS opened at $35.02 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.60 and a current ratio of 1.87. The company has a market cap of $6.81 billion, a PE ratio of 22.31 and a beta of 0.46. GDS has a 52-week low of $22.53 and a 52-week high of $48.61. The stock has a 50-day simple moving average of $42.25 and a 200 day simple moving average of $39.91.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. The business had revenue of $426.13 million during the quarter, compared to the consensus estimate of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.GDS’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the company earned $3.47 earnings per share. On average, sell-side analysts expect that GDS will post 3.75 EPS for the current fiscal year.

GDS Company Profile

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.