Are Analysts Expecting A Better 2020 For GDS Holdings Limited (GDS)?

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The Vanguard Group, Inc. has recently announced that it has increased stake in GDS Holdings Limited (NASDAQ:GDS) by 40.93%. After grabbing 2.64 million shares, the institutional investor is now in possession of 0.77 million shares of the Technology Company. The new investment brought the stake of investor firm to 1.75% having worth around $212.22 million. Moreover, BlackRock Fund Advisors increased its share by 0.47 million to have a control over 2.3 million shares.

GDS Holdings Limited (GDS) concluded trading on 08/27/20 at a closing price of $81.01, with 1.15 million shares of worth about $93.42 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 3.41% during that period and on Thursday the price saw a loss of about -4.03%. Currently the company’s common shares owned by public are about 142.88M shares, out of which, 78.18M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 20 analysts are covering the GDS stock and their offered price forecasts bring an average price target of $659.18. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $796.02 and could fall to a lowest price of $484.83. Analysts also issued an outlook of 2.00 for the GDS Holdings Limited stock for next 12 months. The stock’s current price level is 12.06% above of average price target set by the analysts, while a rise to estimated low would result in gain of 83.29 for the stock. However, touching the estimated high of $796.02 would mean a gain of 89.82% for the stock.

CREF Global Equities Account, Federated Hermes Kaufmann Fund, and Vanguard Total International Stoc are the top 3 mutual funds which are holding stakes in GDS Holdings Limited CREF Global Equities Account is currently holding 1.38 million shares of worth totaling $110.53 million. The company recently came buying 12675.0 shares which brought its stake up to 0.91% of the company’s outstanding shares. Federated Hermes Kaufmann Fund sold -0.11 million shares, after which its hold over company’s outstanding shares shrunk to 0.90%, leaving 1.36 million shares with the mutual fund that have a worth of about $109.6 million. Vanguard Total International Stoc, after selling 1.31 million shares, have now control over 0.87% of the stake in the company. It holds 1183.0 shares of worth $105.33 million.

GDS Holdings Limited (NASDAQ: GDS) started trading at $84.97, above $0.56 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $81.01, or with a loss of -4.03%. Stock saw a price change of 3.41% in past 5 days and over the past one month there was a price change of 1.36%. Year-to-date (YTD), GDS shares are showing a performance of 57.06% which increased to 98.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $38.04 but also hit the highest price of $91.97 during that period. While comparing its average daily trading volume of 1.42 million shares, we see that about 1.15 million changed hands on the day. The stock is currently trading 0.46% above its 20-day simple moving average (SMA20), while that difference is up 0.58% for SMA50 and it goes to 32.04% higher than SMA200.

The Vanguard Group, Inc. acquired 2.64 million shares of GDS Holdings Limited having value of about $212.22 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.77 million shares in the company valued at close to $62187650.54, or have control over 40.93% stake in the company. GDS Holdings Limited (NASDAQ: GDS) currently have 142.88M outstanding shares and institutions hold larger chunk of about 66.80% of that. Holding of mutual funds in the company is about 22.52% while other institutional holders and individual stake holders have control over 31.96% and — of the stake respectively.

The stock has a current market capitalization of $12.84B and its 3Y-monthly beta is at 1.35. It has posted earnings per share of -$0.46 in the same period. It has Quick Ratio of 1.80 while making debt-to-equity ratio of 1.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GDS, volatility over the week remained 3.94% while standing at 4.07% over the month.

Analysts are in expectations that GDS Holdings Limited (GDS) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter ESPS is -$0.05 and it is -$0.02 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.09 which is -$0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -4.40% while it is estimated to increase by 116.70% in next year.

Analysts at 20 brokerage firms have issued recommendations for the GDS Holdings Limited (GDS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 20 Wall Street analysts, 17 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Berenberg on August 25, 2020 offering a Buy rating for the stock and assigned a target price range of between $58 and $93 to it. Coverage by HSBC Securities stated GDS Holdings Limited (GDS) stock as a Hold in their note to investors on July 27, 2020, suggesting a price target of $89 for the stock. On July 20, 2020, Deutsche Bank Downgrade their recommendations, while on July 14, 2020, UBS Initiated their ratings for the stock with a price target of $112. Stock get a Buy rating from Jefferies on June 17, 2020.

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