GDS’s (GDS) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of GDS (NASDAQ:GDS) in a research report report published on Wednesday morning,Benzinga reports. They currently have a $26.00 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Tuesday. JMP Securities started coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, Citizens Jmp upgraded GDS to a “strong-buy” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $22.60.

GDS Trading Down 5.8 %

NASDAQ:GDS opened at $21.71 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The company’s 50 day moving average is $21.71 and its 200-day moving average is $18.96. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of -7.12 and a beta of 0.13. GDS has a 12 month low of $5.01 and a 12 month high of $29.17.

Hedge Funds Weigh In On GDS

Several large investors have recently added to or reduced their stakes in GDS. Signaturefd LLC increased its position 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 purchasing an additional 1,215 shares during the period. Blue Trust Inc. increased its holdings 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 period. BNP Paribas Financial Markets raised its stake in shares of GDS by 1.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock valued at $3,721,000 after buying an additional 2,543 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of GDS during the 3rd quarter worth about $64,000. Finally, Macroview Investment Management LLC boosted its position in shares of GDS by 37.4% during the 4th quarter. Macroview Investment Management LLC now owns 18,550 shares of the company’s stock valued at $441,000 after acquiring an additional 5,050 shares in the last quarter. Institutional investors and hedge funds 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.