Shares of GDS Holdings (NASDAQ:GDS – Get Free Report) have earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $48.40.
A number of brokerages recently commented on GDS. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Sunday, October 18th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $51.00 price objective on shares of GDS in a research note on Tuesday, September 1st. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research note on Thursday, August 13th.
Check Out Our Latest Stock Analysis on GDS
GDS Stock Performance
GDS stock opened at $22.35 on Friday. The firm’s fifty day moving average price is $28.34 and its 200-day moving average price is $35.91. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market cap of $4.48 billion, a P/E ratio of 10.40 and a beta of 0.47. GDS has a fifty-two week low of $20.57 and a fifty-two week high of $48.61.
GDS (NASDAQ:GDS – Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share (EPS) for the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%. The business had revenue of $454.51 million during the quarter. On average, equities research analysts expect that GDS will post 2.23 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of GDS. PNC Financial Services Group Inc. grew its stake in GDS by 8.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the company’s stock worth $157,000 after acquiring an additional 303 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of GDS by 6.2% in the first quarter. Parallel Advisors LLC now owns 7,330 shares of the company’s stock valued at $295,000 after purchasing an additional 429 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of GDS by 73.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,160 shares of the company’s stock valued at $87,000 after purchasing an additional 915 shares during the period. Summit Securities Group LLC purchased a new stake in shares of GDS in the first quarter valued at approximately $65,000. Finally, Nykredit A S bought a new position in GDS in the second quarter worth approximately $63,000. 33.71% of the stock is owned by hedge funds and other institutional investors.
GDS Company Profile
GDS Holdings Limited (NASDAQ: GDS) is a developer and operator of data centers. The company provides data center infrastructure and related services to cloud service providers, internet companies, financial institutions and other enterprises that require secure, scalable and highly connected computing facilities.
Its services include colocation, managed hosting, cloud connectivity, network services, disaster recovery and other data center solutions. GDS operates carrier-neutral facilities designed to support customers’ mission-critical information technology systems and connect them with telecommunications carriers, cloud platforms and internet exchanges.
Founded in 2001 and headquartered in Shanghai, GDS has built its primary presence in China and has expanded internationally through its GDS International business, with operations and development activities in selected markets across Southeast Asia.
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