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

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

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

GDS Stock Performance

NASDAQ:GDS opened at $44.76 on Friday. GDS has a 1 year low of $5.85 and a 1 year high of $52.50. The firm’s fifty day simple moving average is $25.69 and its 200 day simple moving average is $21.25. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $8.53 billion, a PE ratio of -14.68 and a beta of 0.12.

Hedge Funds Weigh In On GDS

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amiral Gestion bought a new position in shares of GDS during the 4th quarter worth about $333,000. Voloridge Investment Management LLC lifted its holdings in shares of GDS by 36.9% during the 4th quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock worth $12,383,000 after acquiring an additional 140,343 shares during the period. Woodline Partners LP bought a new position in shares of GDS during the 4th quarter worth about $4,877,000. Vident Advisory LLC increased its position in shares of GDS by 23.9% during the 4th quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock worth $580,000 after purchasing an additional 4,710 shares in the last quarter. Finally, Triata Capital Ltd acquired a new stake in shares of GDS during the 4th quarter worth about $41,472,000. 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.