GDS (NASDAQ:GDS) PT Raised to $62.00

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GDS (NASDAQ:GDS) had its price objective upped by investment analysts at Royal Bank of Canada to $62.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 40.37% from the company’s current price.

GDS has been the subject of a number of other research reports. TheStreet raised GDS from a “d+” rating to a “c-” rating in a report on Friday, October 11th. Zacks Investment Research raised GDS from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Tuesday, October 29th. Cowen reaffirmed an “outperform” rating and set a $65.00 target price (up previously from $53.00) on shares of GDS in a report on Friday. BidaskClub downgraded GDS from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Finally, ValuEngine downgraded GDS from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. GDS has a consensus rating of “Buy” and an average target price of $54.60.

Shares of GDS stock traded down $0.18 on Monday, reaching $44.17. 2,087 shares of the stock were exchanged, compared to its average volume of 621,770. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.56. GDS has a twelve month low of $20.84 and a twelve month high of $45.20. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of -86.61 and a beta of 3.01. The business has a 50 day moving average price of $41.48 and a two-hundred day moving average price of $39.03.

A number of hedge funds have recently made changes to their positions in GDS. Aviva PLC increased its position in shares of GDS by 1.7% in the second quarter. Aviva PLC now owns 18,200 shares of the company’s stock valued at $684,000 after buying an additional 300 shares in the last quarter. Comerica Bank boosted its stake in shares of GDS by 6.6% in the second quarter. Comerica Bank now owns 7,807 shares of the company’s stock worth $304,000 after acquiring an additional 486 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of GDS by 93.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,440 shares of the company’s stock worth $54,000 after acquiring an additional 696 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of GDS by 5.8% in the third quarter. Envestnet Asset Management Inc. now owns 16,423 shares of the company’s stock worth $658,000 after acquiring an additional 895 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of GDS by 90.4% in the third quarter. Tower Research Capital LLC TRC now owns 2,742 shares of the company’s stock worth $110,000 after acquiring an additional 1,302 shares during the last quarter. Institutional investors own 69.37% of the company’s stock.

About GDS

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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