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

Shares of GDS Holdings Ltd – (NASDAQ:GDS) have received a consensus rating of “Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $42.00.

Several research firms have issued reports on GDS. JPMorgan Chase & Co. upped their price objective on GDS from $21.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, March 19th. BidaskClub downgraded GDS from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 23rd. TheStreet raised GDS from a “d+” rating to a “c” rating in a research note on Monday, May 14th. Royal Bank of Canada increased their price target on GDS to $33.00 and gave the company an “outperform” rating in a research note on Thursday, March 15th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of GDS in a research note on Friday, June 1st.

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Shares of GDS stock traded up $0.88 during trading hours on Monday, hitting $42.57. The company had a trading volume of 39,943 shares, compared to its average volume of 1,061,861. GDS has a 12 month low of $8.20 and a 12 month high of $45.88. The firm has a market cap of $4.06 billion, a P/E ratio of -83.39 and a beta of 2.85. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 1.16.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Thursday, May 10th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). The company had revenue of $562.20 million during the quarter, compared to the consensus estimate of $515.40 million. GDS had a negative net margin of 20.08% and a negative return on equity of 9.34%. During the same quarter in the prior year, the company posted $0.47 earnings per share. sell-side analysts forecast that GDS will post -0.41 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN acquired a new position in shares of GDS during the fourth quarter worth $183,000. Virtu Financial LLC acquired a new position in shares of GDS during the fourth quarter worth $210,000. Global X Management Co. LLC acquired a new position in shares of GDS during the first quarter worth $224,000. Virginia Retirement Systems ET AL acquired a new position in shares of GDS during the first quarter worth $236,000. Finally, TIAA CREF Investment Management LLC acquired a new position in GDS in the fourth quarter valued at $269,000. Hedge funds and other institutional investors own 37.10% of the company’s stock.

GDS Company Profile

GDS Holdings Ltd is a developer and operator of data centers in China. The Company is engaged in design, build-out and operation of data centers. It operates as a carrier and cloud neutral, which enables its customers to connect to all the People’s Republic of China telecommunications carriers, and to access a number of the People’s Republic of China cloud service providers, whom it hosts in its facilities.