GDS Holdings Ltd – (GDS) Given Average Rating of “Buy” by Analysts

GDS Holdings Ltd – (NASDAQ:GDS) has been given a consensus recommendation of “Buy” by the ten research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $42.71.

A number of brokerages recently issued reports on GDS. BidaskClub cut shares of GDS from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Zacks Investment Research cut shares of GDS from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Credit Suisse Group set a $42.00 price objective on shares of GDS and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, TheStreet raised shares of GDS from a “d” rating to a “c-” rating in a research note on Wednesday, March 13th.

Shares of NASDAQ GDS traded down $2.09 during midday trading on Wednesday, reaching $38.66. The company’s stock had a trading volume of 52,232 shares, compared to its average volume of 1,297,019. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.05. GDS has a fifty-two week low of $18.59 and a fifty-two week high of $46.18. The company has a market cap of $4.63 billion, a price-to-earnings ratio of -75.53 and a beta of 3.24.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The business had revenue of $829.52 million during the quarter, compared to analyst estimates of $822.31 million. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. The firm’s quarterly revenue was up 64.1% on a year-over-year basis. On average, equities research analysts forecast that GDS will post -0.33 earnings per share for the current year.

A number of large investors have recently made changes to their positions in GDS. Virtus Alternative Investment Advisers Inc. bought a new stake in shares of GDS during the third quarter worth $142,000. Stevens Capital Management LP bought a new stake in shares of GDS during the fourth quarter worth $205,000. NumerixS Investment Technologies Inc bought a new stake in shares of GDS during the fourth quarter worth $233,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of GDS by 42.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,874 shares of the company’s stock worth $248,000 after buying an additional 3,557 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in shares of GDS by 10.9% during the fourth quarter. Xact Kapitalforvaltning AB now owns 11,200 shares of the company’s stock worth $259,000 after buying an additional 1,100 shares during the last quarter. 46.91% of the stock is currently owned by institutional investors and hedge funds.

GDS Company Profile

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.

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Analyst Recommendations for GDS (NASDAQ:GDS)

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