Brokerages Set GDS Holdings Limited (NASDAQ:GDS) Price Target at $39.48

Shares of GDS Holdings Limited (NASDAQ:GDS) have been assigned an average recommendation of “Buy” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $39.48.

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group upgraded GDS from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Tuesday, March 18th. StockNews.com downgraded GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. Citigroup restated an “outperform” rating on shares of GDS in a research report on Thursday, March 20th. Finally, JMP Securities set a $40.00 target price on shares of GDS in a report on Thursday, March 20th.

GDS Trading Up 8.3 %

Shares of GDS stock opened at $21.47 on Friday. The firm’s 50-day moving average price is $30.72 and its 200 day moving average price is $25.10. GDS has a twelve month low of $6.15 and a twelve month high of $52.50. The firm has a market capitalization of $4.09 billion, a PE ratio of -7.04 and a beta of 0.23. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.17. The company had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted ($2.16) EPS. On average, sell-side analysts predict that GDS will post -0.89 EPS for the current fiscal year.

Institutional Investors Weigh In On GDS

Large investors have recently modified their holdings of the company. Alberta Investment Management Corp purchased a new stake in GDS in the fourth quarter valued at $4,935,000. JPMorgan Chase & Co. raised its position in GDS by 7,553.4% in the third quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock worth $12,461,000 after acquiring an additional 602,840 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of GDS by 165.5% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company’s stock valued at $1,286,000 after purchasing an additional 33,741 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in shares of GDS during the 4th quarter worth approximately $1,938,000. Finally, American Century Companies Inc. boosted its position in GDS by 509.6% during the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock worth $55,206,000 after purchasing an additional 1,942,341 shares in the last quarter. 33.71% of the stock is owned by hedge funds and other institutional investors.

About GDS

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.