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

Shares of GDS Holdings (NASDAQ:GDS) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $47.9125.

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

GDS Price Performance

GDS stock opened at $41.35 on Tuesday. The firm’s 50-day moving average is $42.46 and its two-hundred day moving average is $37.72. GDS has a 52 week low of $16.92 and a 52 week high of $48.61. The company has a debt-to-equity ratio of 1.65, a quick ratio of 2.51 and a current ratio of 2.51.

Institutional Investors Weigh In On GDS

Institutional investors and hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board boosted its holdings in GDS by 77.7% during the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after buying an additional 3,062,658 shares in the last quarter. Sachem Head Capital Management LP grew its position 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 worth $324,570,000 after buying an additional 2,885,000 shares during the last quarter. Barclays PLC increased its holdings 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 in the last quarter. Aspex Management HK Ltd increased its holdings in shares of GDS by 46.4% in the second quarter. Aspex Management HK Ltd now owns 4,406,949 shares of the company’s stock valued at $134,720,000 after buying an additional 1,397,073 shares in the last quarter. Finally, Carrhae Capital LLP lifted its position in shares of GDS by 295.4% during the 3rd quarter. Carrhae Capital LLP now owns 1,648,278 shares of the company’s stock valued at $63,788,000 after acquiring an additional 1,231,375 shares during the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

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.