GDS Holdings Limited (NASDAQ:GDS) Receives $22.60 Consensus PT from Analysts

GDS Holdings Limited (NASDAQ:GDS) has been assigned an average rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.68.

A number of analysts have weighed in on the company. Raymond James increased their price target on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. JMP Securities started coverage on shares of GDS in a research report on Monday, January 27th. They set an “outperform” rating and a $35.00 price objective on the stock. StockNews.com raised shares of GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $26.00 price objective on shares of GDS in a research report on Wednesday, January 29th.

Hedge Funds Weigh In On GDS

Several large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its position in GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after acquiring an additional 672 shares in the last quarter. Signaturefd LLC lifted its position in shares of GDS by 17.3% during the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after buying an additional 1,215 shares in the last quarter. Blue Trust Inc. lifted its position in shares of GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after buying an additional 2,353 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of GDS by 1.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock worth $3,721,000 after buying an additional 2,543 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of GDS during the 3rd quarter worth approximately $64,000. Institutional investors own 33.71% of the company’s stock.

GDS Stock Performance

NASDAQ GDS opened at $44.76 on Friday. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of -14.68 and a beta of 0.12. GDS has a twelve month low of $5.85 and a twelve month high of $52.50. The stock has a fifty day simple moving average of $26.17 and a 200 day simple moving average of $21.64. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

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.