Other research analysts also recently issued reports about the company. Zacks Investment Research raised GDS from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday. Royal Bank of Canada upped their price target on GDS to $58.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. They noted that the move was a valuation call. ValuEngine downgraded GDS from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, TheStreet downgraded GDS from a “c-” rating to a “d” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.17.
Shares of NASDAQ:GDS opened at $41.23 on Wednesday. The company has a market cap of $4.86 billion, a P/E ratio of -80.84 and a beta of 3.04. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.01 and a quick ratio of 2.01. GDS has a 1 year low of $20.84 and a 1 year high of $43.15. The stock’s fifty day moving average price is $39.48 and its 200-day moving average price is $36.07.
A number of institutional investors have recently bought and sold shares of the stock. FMR LLC increased its position in GDS by 13.5% in the first quarter. FMR LLC now owns 2,681,325 shares of the company’s stock worth $95,696,000 after buying an additional 319,481 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new stake in GDS in the first quarter worth about $6,851,000. American Century Companies Inc. increased its position in GDS by 94.4% in the first quarter. American Century Companies Inc. now owns 5,617,248 shares of the company’s stock worth $200,480,000 after buying an additional 2,728,377 shares in the last quarter. Geode Capital Management LLC increased its position in GDS by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 145,753 shares of the company’s stock worth $3,347,000 after buying an additional 10,172 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. purchased a new stake in GDS in the first quarter worth about $1,306,000. Institutional investors own 63.24% of the company’s stock.
GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.
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