GDS (NASDAQ:GDS) had its price target boosted by JPMorgan Chase & Co. from $21.00 to $31.00 in a report released on Monday. The firm currently has an overweight rating on the stock.

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.

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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.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Tuesday, March 13th. The company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.04). The company had revenue of $505.50 million during the quarter, compared to the consensus estimate of $476.65 million. GDS had a negative return on equity of 9.98% and a negative net margin of 20.29%. The business’s revenue for the quarter was up 62.2% compared to the same quarter last year.

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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