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

Royal Bank of Canada reiterated their outperform rating on shares of GDS (NASDAQ:GDS) in a report released on Thursday,Benzinga reports. They currently have a $26.00 target price on the stock.

Several other research firms also recently commented on GDS. Nomura Securities raised shares of GDS to a “strong-buy” rating in a research report on Monday, August 26th. Bank of America boosted their target price on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.47.

GDS Stock Performance

Shares of GDS opened at $20.73 on Thursday. The company’s 50 day moving average price is $21.17 and its 200 day moving average price is $15.47. GDS has a 52 week low of $5.01 and a 52 week high of $24.74. The company has a market capitalization of $3.95 billion, a PE ratio of -6.80 and a beta of 0.18. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

Institutional Trading of GDS

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC acquired a new stake in shares of GDS in the third quarter worth $842,000. Geode Capital Management LLC lifted its stake in shares of GDS by 20.5% in the third quarter. Geode Capital Management LLC now owns 77,057 shares of the company’s stock worth $1,572,000 after buying an additional 13,121 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of GDS in the third quarter worth $64,000. Luxor Capital Group LP acquired a new stake in shares of GDS in the third quarter worth $9,993,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in GDS during the 3rd quarter valued at $416,000. 33.71% of the stock is currently owned by institutional investors and hedge funds.

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.