GDS (NASDAQ:GDS) Upgraded at Raymond James

Raymond James upgraded shares of GDS (NASDAQ:GDS) from an outperform rating to a strong-buy rating in a research note released on Thursday morning, Marketbeat.com reports. They currently have $53.00 target price on the stock.

GDS has been the topic of several other reports. StockNews.com cut GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Citizens Jmp raised GDS to a “strong-buy” rating in a research report on Monday, January 27th. Royal Bank of Canada cut GDS from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. Jefferies Financial Group raised GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Tuesday, March 18th. Finally, Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, GDS presently has an average rating of “Moderate Buy” and an average price target of $33.23.

GDS Stock Performance

Shares of GDS opened at $27.67 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The business’s 50 day moving average price is $31.34 and its 200-day moving average price is $24.57. GDS has a 52 week low of $5.85 and a 52 week high of $52.50. The stock has a market cap of $5.27 billion, a P/E ratio of -9.07 and a beta of 0.06.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.17. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm had revenue of $425.13 million for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the previous year, the firm posted ($2.16) EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that GDS will post -0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GDS

Several hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in shares of 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 buying an additional 672 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of GDS by 1.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 182,388 shares of the company’s stock valued at $3,721,000 after buying an additional 2,543 shares during the period. Blue Trust Inc. increased its stake in shares of GDS by 121.9% in the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock worth $132,000 after purchasing an additional 3,053 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS in the 3rd quarter worth $64,000. Finally, Invesco Ltd. increased its stake in shares of GDS by 4.1% in the 4th quarter. Invesco Ltd. now owns 88,423 shares of the company’s stock worth $2,101,000 after purchasing an additional 3,481 shares in the last quarter. 33.71% of the stock is owned by institutional investors.

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.