GDS (NASDAQ:GDS) Price Target Raised to $53.00 at Raymond James

GDS (NASDAQ:GDS) had its price objective upped by Raymond James from $25.00 to $53.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

GDS has been the subject of several other research reports. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a research report on Monday, January 27th. JMP Securities started coverage on shares of GDS in a research report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target for the company. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $26.00 price target on shares of GDS in a research report on Wednesday, January 29th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $28.68.

GDS Stock Down 7.7 %

Shares of NASDAQ:GDS opened at $44.76 on Friday. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $8.53 billion, a PE ratio of -14.68 and a beta of 0.12. GDS has a 52 week low of $5.85 and a 52 week high of $52.50. The firm has a 50 day simple moving average of $25.69 and a 200 day simple moving average of $21.25.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY increased its stake in shares of GDS by 128.6% during the 3rd quarter. Bamco Inc. NY now owns 6,040,555 shares of the company’s stock worth $123,227,000 after purchasing an additional 3,397,592 shares during the last quarter. American Century Companies Inc. increased its stake in shares of GDS by 509.6% during the 4th quarter. American Century Companies Inc. now owns 2,323,482 shares of the company’s stock worth $55,206,000 after purchasing an additional 1,942,341 shares during the last quarter. Triata Capital Ltd acquired a new position in shares of GDS during the 4th quarter worth $41,472,000. Sachem Head Capital Management LP increased its stake in shares of GDS by 161.6% during the 3rd quarter. Sachem Head Capital Management LP now owns 2,825,000 shares of the company’s stock worth $57,630,000 after purchasing an additional 1,745,000 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of GDS during the 3rd quarter worth $27,212,000. 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.