GDS (NASDAQ:GDS)‘s stock had its “buy” rating reiterated by stock analysts at Raymond James in a research note issued to investors on Thursday, TipRanks reports. They presently have a $58.00 price objective on the stock. Raymond James’ price objective would suggest a potential upside of 3.41% from the company’s previous close.
GDS has been the topic of a number of other research reports. ValuEngine upgraded GDS from a “sell” rating to a “hold” rating in a report on Tuesday, February 4th. SunTrust Banks reiterated a “buy” rating and issued a $55.00 target price on shares of GDS in a report on Friday, December 13th. Royal Bank of Canada upped their target price on GDS from $62.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday. Zacks Investment Research upgraded GDS from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Macquarie began coverage on GDS in a report on Tuesday, January 14th. They issued an “outperform” rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $60.50.
Shares of GDS opened at $56.09 on Thursday. The company has a market capitalization of $6.38 billion, a price-to-earnings ratio of -105.83 and a beta of 2.39. GDS has a fifty-two week low of $30.90 and a fifty-two week high of $65.34. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.77 and a quick ratio of 2.00. The business’s 50-day moving average is $57.43 and its 200-day moving average is $49.19.
GDS Company Profile
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.
See Also: Trading Strategy Methods and Types
Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.