Zacks: GDS Holdings Ltd – (GDS) Given $31.00 Consensus Target Price by Brokerages

Shares of GDS Holdings Ltd – (NASDAQ:GDS) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price target of $31.00 for the company, according to Zacks. Zacks has also assigned GDS an industry rank of 167 out of 265 based on the ratings given to related companies.

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GDS has been the subject of a number of recent analyst reports. Credit Suisse Group reiterated a “neutral” rating and issued a $23.00 target price on shares of GDS in a research report on Wednesday, December 20th. JPMorgan Chase increased their target price on shares of GDS from $21.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, March 19th. Royal Bank of Canada increased their target price on shares of GDS to $33.00 and gave the company an “outperform” rating in a research report on Thursday, March 15th. Finally, TheStreet lowered shares of GDS from a “c-” rating to a “d+” rating in a research report on Monday, March 19th.

Several large investors have recently bought and sold shares of the company. Castleark Management LLC bought a new position in shares of GDS during the 4th quarter valued at about $1,216,000. Jane Street Group LLC bought a new position in shares of GDS during the 4th quarter valued at about $271,000. TIAA CREF Investment Management LLC bought a new position in shares of GDS during the 4th quarter valued at about $269,000. Teachers Advisors LLC bought a new position in shares of GDS during the 4th quarter valued at about $14,014,000. Finally, Raymond James & Associates bought a new position in shares of GDS during the 4th quarter valued at about $1,711,000. Institutional investors own 20.93% of the company’s stock.

GDS traded up $0.42 on Monday, reaching $26.15. The company had a trading volume of 304,265 shares, compared to its average volume of 852,375. The firm has a market capitalization of $2,505.92, a PE ratio of -51.27 and a beta of 2.56. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.29. GDS has a one year low of $6.90 and a one year high of $31.77.

GDS (NASDAQ:GDS) last announced its earnings results on Tuesday, March 13th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.04). The company had revenue of $505.50 million during the quarter, compared to the consensus estimate of $476.65 million. GDS had a negative net margin of 20.29% and a negative return on equity of 10.11%. The company’s revenue was up 62.2% on a year-over-year basis.

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About GDS

GDS Holdings Ltd is a developer and operator of data centers in China. The Company is engaged in design, build-out and operation of data centers. It operates as a carrier and cloud neutral, which enables its customers to connect to all the People’s Republic of China telecommunications carriers, and to access a number of the People’s Republic of China cloud service providers, whom it hosts in its facilities.

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