GDS (NASDAQ:GDS) Price Target Raised to $53.00

GDS (NASDAQ:GDS) had its price target raised by Raymond James from $25.00 to $53.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

GDS has been the topic of several other research reports. JMP Securities initiated coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target on the stock. Citizens Jmp raised 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. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 target price on shares of GDS in a research note on Wednesday, January 29th. Finally, StockNews.com raised GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GDS presently has a consensus rating of “Buy” and a consensus target price of $28.68.

GDS Price Performance

Shares of GDS stock opened at $44.76 on Friday. The stock’s fifty day moving average is $26.17 and its 200-day moving average is $21.64. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $8.53 billion, a PE ratio of -14.68 and a beta of 0.12. GDS has a 52 week low of $5.85 and a 52 week high of $52.50.

Institutional Investors Weigh In On GDS

A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in shares of GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after purchasing an additional 672 shares during the period. Signaturefd LLC raised its position in GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after buying an additional 1,215 shares during the last quarter. Blue Trust Inc. raised its position in GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after buying an additional 2,353 shares during the last quarter. BNP Paribas Financial Markets raised its position in GDS by 1.4% in 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 last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in GDS in the 3rd quarter valued at approximately $64,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

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.