GDS Holdings Limited (NASDAQ:GDS – Get Free Report) has been given a consensus recommendation of “Buy” by the five research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $15.29.
A number of analysts recently issued reports on GDS shares. Nomura Securities raised GDS to a “strong-buy” rating in a report on Monday, August 26th. Royal Bank of Canada raised GDS from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $13.00 to $14.00 in a report on Monday, July 8th. Finally, Bank of America raised their price objective on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a report on Tuesday, August 27th.
View Our Latest Analysis on GDS
Institutional Inflows and Outflows
GDS Stock Up 4.2 %
GDS stock opened at $20.83 on Monday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of -6.52 and a beta of 0.24. GDS has a fifty-two week low of $5.01 and a fifty-two week high of $22.77. The stock has a fifty day moving average of $14.66 and a 200-day moving average of $10.64.
GDS (NASDAQ:GDS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.07. The company had revenue of $388.92 million during the quarter, compared to the consensus estimate of $384.14 million. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. As a group, equities research analysts predict that GDS will post -1.14 earnings per share for the current year.
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.
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