GDS Holdings Limited (NASDAQ:GDS) Receives $18.29 Consensus Target Price from Brokerages

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) has earned a consensus recommendation of "Buy" from the five research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $18.29.

GDS has been the topic of a number of recent research reports. Bank of America raised their target price on shares of GDS from $12.40 to $22.40 and gave the stock a "buy" rating in a report on Tuesday, August 27th. Royal Bank of Canada raised their price target on GDS from $14.00 to $26.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Nomura Securities upgraded GDS to a "strong-buy" rating in a research report on Monday, August 26th.

Hedge Funds Weigh In On GDS

Hedge funds have recently made changes to their positions in the business. Canada Pension Plan Investment Board grew its holdings in shares of GDS by 0.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 9,713,325 shares of the company's stock worth $64,594,000 after acquiring an additional 33,978 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in GDS by 16.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company's stock worth $49,289,000 after purchasing an additional 773,378 shares in the last quarter. Baupost Group LLC MA raised its holdings in GDS by 63.5% during the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company's stock worth $39,482,000 after buying an additional 1,649,952 shares during the period. Farallon Capital Management LLC lifted its stake in GDS by 72.7% during the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company's stock valued at $11,391,000 after buying an additional 516,133 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in GDS by 17.3% during the second quarter. Pacer Advisors Inc. now owns 849,568 shares of the company's stock valued at $7,892,000 after buying an additional 125,395 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Stock Up 1.9 %

GDS traded up $0.41 during trading on Friday, hitting $21.57. The company had a trading volume of 1,240,404 shares, compared to its average volume of 1,622,124. GDS has a 1-year low of $5.01 and a 1-year high of $23.81. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $4.11 billion, a PE ratio of -6.72 and a beta of 0.24. The business has a 50-day moving average of $18.02 and a 200-day moving average of $12.18.

GDS (NASDAQ:GDS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.07. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. The firm had revenue of $388.92 million during the quarter, compared to analyst estimates of $384.14 million. As a group, analysts forecast that GDS will post -1.14 earnings per share for the current year.

GDS Company Profile

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.