Royal Bank of Canada Reiterates “Outperform” Rating for GDS (NASDAQ:GDS)

Royal Bank of Canada reiterated their outperform rating on shares of GDS (NASDAQ:GDS) in a report issued on Wednesday morning,Benzinga reports. The firm currently has a $26.00 target price on the stock.

GDS has been the topic of a number of other reports. StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Tuesday. Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th. Finally, JMP Securities began coverage on GDS in a report on Monday, January 27th. They set an “outperform” rating and a $35.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, GDS currently has a consensus rating of “Buy” and an average target price of $22.60.

GDS Stock Down 5.8 %

Shares of NASDAQ GDS opened at $21.71 on Wednesday. The business has a fifty day moving average of $21.71 and a two-hundred day moving average of $18.96. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. GDS has a 52-week low of $5.01 and a 52-week high of $29.17. The stock has a market cap of $4.14 billion, a PE ratio of -7.12 and a beta of 0.13.

Institutional Investors Weigh In On GDS

A number of institutional investors and hedge funds have recently modified their holdings of GDS. Blue Trust Inc. grew its holdings in 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 acquiring an additional 2,353 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of GDS during the third quarter worth $64,000. Signaturefd LLC increased its holdings in GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after purchasing an additional 1,215 shares during the last quarter. Brookfield Corp ON acquired a new position in GDS in the third quarter valued at about $171,000. Finally, Marshall Wace LLP bought a new position in GDS during the second quarter worth about $203,000. 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.