GDS (GDS) Price Target Raised to $31.00
Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada upped their price objective on shares of GDS to $33.00 and gave the stock an outperform rating in a research report on Thursday, March 15th. Credit Suisse Group cut shares of GDS from a neutral rating to an underperform rating and set a $23.10 price objective on the stock. in a research report on Friday, January 26th. They noted that the move was a valuation call. Finally, BidaskClub raised GDS from a buy rating to a strong-buy rating in a research note on Saturday, December 16th. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. GDS presently has an average rating of Buy and a consensus price target of $29.03.
GDS stock opened at $29.21 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.01 and a quick ratio of 0.90. The firm has a market cap of $2,614.03, a P/E ratio of -57.27 and a beta of 3.11. GDS has a 52-week low of $6.90 and a 52-week high of $31.77.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Harvest Fund Management Co. Ltd purchased a new stake in GDS in the fourth quarter worth approximately $133,000. Wells Fargo & Company MN purchased a new stake in GDS in the fourth quarter worth approximately $183,000. Virtu Financial LLC purchased a new stake in shares of GDS during the fourth quarter valued at approximately $210,000. TIAA CREF Investment Management LLC purchased a new stake in shares of GDS during the fourth quarter valued at approximately $269,000. Finally, Jane Street Group LLC purchased a new stake in shares of GDS during the fourth quarter valued at approximately $271,000. 20.93% of the stock is owned by institutional investors and hedge funds.
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GDS Company Profile
GDS Holdings Ltd is a developer and operator of data centers in China. The Company is engaged in design, build-out and operation of data centers. It operates as a carrier and cloud neutral, which enables its customers to connect to all the People’s Republic of China telecommunications carriers, and to access a number of the People’s Republic of China cloud service providers, whom it hosts in its facilities.
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