GDS (NASDAQ:GDS) Stock Price Expected to Rise, Raymond James Analyst Says

GDS (NASDAQ:GDS) had its price objective upped by Raymond James from $25.00 to $53.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 13.38% from the company’s previous close.

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

GDS Trading Down 3.6 %

Shares of NASDAQ:GDS traded down $1.76 during mid-day trading on Friday, reaching $46.75. 4,108,479 shares of the company’s stock were exchanged, compared to its average volume of 2,996,096. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of -15.33 and a beta of 0.12. GDS has a twelve month low of $5.85 and a twelve month high of $52.50. The business’s fifty day moving average price is $25.69 and its 200-day moving average price is $21.25. 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 Investors Weigh In On GDS

Several hedge funds have recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after purchasing an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in GDS during the third quarter valued at approximately $64,000. PNC Financial Services Group Inc. grew its stake in GDS by 26.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after purchasing an additional 672 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of GDS by 1,904.2% in the fourth quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after purchasing an additional 3,599 shares during the period. Finally, Signaturefd LLC raised its stake in shares of GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after purchasing an additional 1,215 shares during the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

About GDS

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.