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

Shares of GDS Holdings Limited (NASDAQ:GDS) have earned an average recommendation of “Buy” from the six analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $22.60.

GDS has been the subject of several recent analyst reports. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. Royal Bank of Canada restated an “outperform” rating and issued a $26.00 target price on shares of GDS in a report on Wednesday, January 29th. StockNews.com raised shares of GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, JMP Securities assumed coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price for the company.

Hedge Funds Weigh In On GDS

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of GDS by 7,553.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after acquiring an additional 602,840 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in GDS in the third quarter valued at about $27,212,000. Luxor Capital Group LP purchased a new position in GDS in the third quarter valued at about $9,993,000. GSA Capital Partners LLP acquired a new position in shares of GDS during the third quarter worth about $544,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of GDS in the third quarter worth about $1,001,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

GDS Stock Performance

NASDAQ:GDS opened at $21.71 on Monday. The firm has a market capitalization of $4.14 billion, a PE ratio of -7.12 and a beta of 0.13. 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 business’s fifty day moving average price is $21.78 and its 200 day moving average price is $19.08. GDS has a 12 month low of $5.01 and a 12 month high of $29.17.

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.