Shares of GDS Holdings Limited (NASDAQ:GDS – Get Free Report) saw unusually-strong trading volume on Monday after Royal Bank of Canada raised their price target on the stock from $14.00 to $26.00. Royal Bank of Canada currently has an outperform rating on the stock. Approximately 1,267,234 shares changed hands during trading, a decline of 22% from the previous session’s volume of 1,615,138 shares.The stock last traded at $22.19 and had previously closed at $21.48.
GDS has been the topic of a number of other research reports. Nomura Securities upgraded GDS to a “strong-buy” rating in a research note on Monday, August 26th. Bank of America raised their price objective on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, GDS currently has an average rating of “Moderate Buy” and a consensus target price of $18.29.
Get Our Latest Research Report on GDS
Institutional Inflows and Outflows
GDS Trading Down 5.4 %
The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.30. The firm has a 50 day moving average of $17.40 and a 200 day moving average of $11.94. The firm has a market cap of $4.01 billion, a PE ratio of -6.55 and a beta of 0.24.
GDS (NASDAQ:GDS – Get Free Report) last posted its earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.07. The firm had revenue of $388.92 million for the quarter, compared to the consensus estimate of $384.14 million. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. Equities analysts anticipate that GDS Holdings Limited will post -1.14 earnings per share for the current year.
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.
Featured Stories
- Five stocks we like better than GDS
- The Basics of Support and Resistance
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- Insider Trades May Not Tell You What You Think
- AMD Gains Momentum With AI: Can It Beat Expectations?
- What Investors Need to Know to Beat the Market
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
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.