GDS Holdings Limited (NASDAQ:GDS) Receives Consensus Recommendation of “Buy” from Brokerages

GDS Holdings Limited (NASDAQ:GDS) has been given an average rating of “Buy” by the four brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.47.

GDS has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $26.00 price target on shares of GDS in a research note on Thursday, December 5th. JMP Securities initiated coverage on GDS in a research report on Monday. They set an “outperform” rating and a $35.00 price objective on the stock.

GDS Stock Performance

Shares of GDS opened at $22.79 on Monday. The company has a 50-day simple moving average of $21.54 and a two-hundred day simple moving average of $18.72. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $4.34 billion, a PE ratio of -7.47 and a beta of 0.13. GDS has a one year low of $5.01 and a one year high of $29.17.

Institutional Trading of GDS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bamco Inc. NY boosted its stake in shares of GDS by 128.6% during the third quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock valued at $123,227,000 after purchasing an additional 3,397,592 shares during the period. Sachem Head Capital Management LP raised its stake in shares of GDS by 161.6% during the third quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock valued at $57,630,000 after acquiring an additional 1,745,000 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of GDS in the third quarter valued at approximately $27,212,000. Portolan Capital Management LLC purchased a new position in GDS during the 3rd quarter worth $26,572,000. Finally, Pacer Advisors Inc. increased its holdings in GDS by 26.5% during the 4th quarter. Pacer Advisors Inc. now owns 898,982 shares of the company’s stock worth $21,360,000 after purchasing an additional 188,072 shares during the period. 33.71% of the stock is owned by hedge funds and other institutional investors.

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.