GDS (NASDAQ:GDS) Cut to Sector Perform at Royal Bank of Canada

Royal Bank of Canada downgraded shares of GDS (NASDAQ:GDS) from an outperform rating to a sector perform rating in a research report released on Tuesday, MarketBeat Ratings reports. They currently have $37.00 target price on the stock, up from their previous target price of $26.00.

Several other research analysts have also weighed in on the stock. Raymond James lifted their price objective on shares of GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Jefferies Financial Group downgraded GDS from a “buy” rating to a “hold” rating and raised their price objective for the stock from $27.06 to $45.00 in a research note on Monday. JMP Securities assumed coverage on GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, StockNews.com raised GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.23.

GDS Stock Down 5.3 %

Shares of GDS stock opened at $37.95 on Tuesday. 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 has a 12 month low of $5.85 and a 12 month high of $52.50. The stock has a market cap of $7.23 billion, a PE ratio of -12.44 and a beta of 0.12. The business has a fifty day simple moving average of $27.73 and a 200 day simple moving average of $22.27.

Institutional Investors Weigh In On GDS

Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in shares of GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after purchasing an additional 672 shares during the last quarter. Blue Trust Inc. increased its stake in GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after buying an additional 2,353 shares during the last quarter. BNP Paribas Financial Markets lifted its position in 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. Public Employees Retirement System of Ohio acquired a new position in shares of GDS during the 3rd quarter worth about $64,000. Finally, Invesco Ltd. grew its holdings in shares of GDS by 4.1% in the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company’s stock valued at $2,101,000 after acquiring an additional 3,481 shares in the last quarter. Institutional investors own 33.71% of the company’s stock.

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.