GDS Holdings (NASDAQ:GDS) Stock Has Average Target Price of $48.12 According to Analysts

GDS Holdings (NASDAQ:GDS) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $48.12.

Several equities analysts recently issued reports on the stock. Zacks Research cut shares of GDS from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. Raymond James Financial restated a “strong-buy” rating and issued a $51.00 price objective on shares of GDS in a report on Tuesday, September 1st. Finally, Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research report on Sunday.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Tidal Investments LLC lifted its position in GDS by 264.8% during the second quarter. Tidal Investments LLC now owns 88,097 shares of the company’s stock valued at $2,646,000 after buying an additional 63,945 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of GDS in the 2nd quarter worth about $7,508,000. Engineers Gate Manager LP purchased a new stake in shares of GDS in the 2nd quarter worth about $1,458,000. Carrhae Capital LLP increased its stake in shares of GDS by 51.1% in the 2nd quarter. Carrhae Capital LLP now owns 3,300,419 shares of the company’s stock worth $99,112,000 after acquiring an additional 1,115,757 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of GDS in the 2nd quarter worth about $63,000. Institutional investors own 33.71% of the company’s stock.

GDS Stock Up 3.8%

Shares of GDS stock opened at $23.33 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.22. The company’s fifty day simple moving average is $31.11 and its two-hundred day simple moving average is $34.41. The company has a market cap of $4.67 billion, a P/E ratio of 10.85 and a beta of 0.42. GDS has a 12-month low of $22.19 and a 12-month high of $48.61.

GDS (NASDAQ:GDS) last posted its earnings results on Tuesday, June 30th. The company reported $0.52 EPS for the quarter. The firm had revenue of $454.51 million during the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. Research analysts anticipate that GDS will post 2.23 EPS for the current year.

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.