GDS (NASDAQ:GDS) Sets New 52-Week High – Still a Buy?

GDS Holdings Limited (NASDAQ:GDS) shares hit a new 52-week high on Thursday . The company traded as high as $24.56 and last traded at $24.48, with a volume of 1223807 shares trading hands. The stock had previously closed at $21.30.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of GDS from $14.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Bank of America upped their target price on GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a report on Tuesday, August 27th. Finally, Nomura Securities upgraded GDS to a “strong-buy” rating in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, GDS has a consensus rating of “Moderate Buy” and a consensus target price of $18.29.

GDS Stock Up 13.2 %

The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.30. The company’s fifty day moving average price is $19.98 and its 200-day moving average price is $13.56. The stock has a market capitalization of $4.60 billion, a PE ratio of -7.57 and a beta of 0.23.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.07. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. The business had revenue of $388.92 million during the quarter, compared to analysts’ expectations of $384.14 million. Analysts forecast that GDS Holdings Limited will post -1.14 earnings per share for the current year.

Institutional Trading of GDS

Several institutional investors have recently bought and sold shares of GDS. Canada Pension Plan Investment Board raised its holdings in GDS by 0.4% in the first quarter. Canada Pension Plan Investment Board now owns 9,713,325 shares of the company’s stock worth $64,594,000 after buying an additional 33,978 shares during the last quarter. Baupost Group LLC MA raised its holdings in GDS by 63.5% in the 2nd quarter. Baupost Group LLC MA now owns 4,249,952 shares of the company’s stock worth $39,482,000 after acquiring an additional 1,649,952 shares during the last quarter. Farallon Capital Management LLC lifted its position in GDS by 72.7% in the 2nd quarter. Farallon Capital Management LLC now owns 1,226,133 shares of the company’s stock valued at $11,391,000 after acquiring an additional 516,133 shares in the last quarter. Pacer Advisors Inc. lifted its position in GDS by 17.3% in the 2nd quarter. Pacer Advisors Inc. now owns 849,568 shares of the company’s stock valued at $7,892,000 after acquiring an additional 125,395 shares in the last quarter. Finally, Bamco Inc. NY purchased a new stake in GDS during the 1st quarter valued at $2,896,000. 33.71% of the stock is owned by hedge funds and other institutional investors.

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.