GDS Holdings Limited (NASDAQ:GDS) Given Consensus Rating of “Buy” by Analysts

Shares of GDS Holdings Limited (NASDAQ:GDS) have received an average recommendation of “Buy” from the four ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $18.47.

GDS has been the subject of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 price objective on shares of GDS in a research note on Thursday, December 5th. JMP Securities assumed coverage on GDS in a research report on Monday. They issued an “outperform” rating and a $35.00 price target for the company.

Institutional Investors Weigh In On GDS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC grew its holdings in shares of GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after buying an additional 1,215 shares during the last quarter. Blue Trust Inc. lifted its position in 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 acquiring an additional 2,353 shares during the period. BNP Paribas Financial Markets grew its stake in GDS by 1.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock valued at $3,721,000 after purchasing an additional 2,543 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of GDS in the third quarter valued at about $64,000. Finally, Centiva Capital LP lifted its holdings in shares of GDS by 49.5% during the third quarter. Centiva Capital LP now owns 23,479 shares of the company’s stock worth $479,000 after purchasing an additional 7,772 shares during the period. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Trading Up 7.3 %

NASDAQ:GDS opened at $22.79 on Monday. The firm has a 50-day simple moving average of $21.54 and a 200-day simple moving average of $18.72. GDS has a one year low of $5.01 and a one year high of $29.17. The firm has a market cap of $4.34 billion, a P/E ratio of -7.47 and a beta of 0.13. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

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.