Analysts Set GDS Holdings Limited (NASDAQ:GDS) Target Price at $15.29

GDS Holdings Limited (NASDAQ:GDS) 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning lifted its stake in shares of GDS by 10.3% in the 2nd quarter. Creative Planning now owns 99,850 shares of the company’s stock valued at $928,000 after purchasing an additional 9,332 shares during the period. Cubist Systematic Strategies LLC increased its position in GDS by 921.7% during the second quarter. Cubist Systematic Strategies LLC now owns 112,568 shares of the company’s stock valued at $1,046,000 after acquiring an additional 126,268 shares during the last quarter. Marshall Wace LLP purchased a new stake in GDS during the second quarter valued at $203,000. Farallon Capital Management LLC increased its position in GDS by 72.7% in the second quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock worth $11,391,000 after buying an additional 516,133 shares in the last quarter. Finally, Baupost Group LLC MA increased its position in GDS by 63.5% in the second quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock worth $39,482,000 after buying an additional 1,649,952 shares in the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

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) 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.