GDS (NASDAQ:GDS) had its target price raised by equities researchers at Royal Bank of Canada to $58.00 in a research report issued on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 49.68% from the stock’s current price. The analysts noted that the move was a valuation call.

Several other equities research analysts also recently issued reports on GDS. ValuEngine upgraded GDS from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. TheStreet downgraded GDS from a “c-” rating to a “d” rating in a report on Monday, May 6th. BidaskClub downgraded GDS from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Zacks Investment Research upgraded GDS from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. GDS presently has an average rating of “Buy” and an average price target of $42.00.

Shares of GDS stock traded down $2.15 during trading hours on Wednesday, hitting $38.75. The company’s stock had a trading volume of 200,959 shares, compared to its average volume of 936,466. GDS has a twelve month low of $20.84 and a twelve month high of $43.15. The company’s fifty day simple moving average is $38.76. The company has a market cap of $4.80 billion, a PE ratio of -75.98 and a beta of 3.04. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.22 and a current ratio of 2.22.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Tuesday, May 14th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.05). GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The business had revenue of $891.80 million during the quarter, compared to analyst estimates of $888.42 million. During the same period last year, the company earned ($0.71) EPS. The business’s revenue for the quarter was up 58.6% on a year-over-year basis. Equities analysts predict that GDS will post -0.47 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. SeaBridge Investment Advisors LLC boosted its position in shares of GDS by 100.0% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the company’s stock valued at $36,000 after purchasing an additional 500 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of GDS by 93.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,440 shares of the company’s stock valued at $54,000 after purchasing an additional 696 shares during the period. Resources Investment Advisors LLC. acquired a new stake in shares of GDS in the 2nd quarter valued at about $122,000. FNY Investment Advisers LLC acquired a new stake in shares of GDS in the 1st quarter valued at about $124,000. Finally, Cowen Prime Services LLC acquired a new stake in shares of GDS in the 1st quarter valued at about $143,000. Institutional investors own 62.54% of the company’s stock.

About GDS

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.

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Analyst Recommendations for GDS (NASDAQ:GDS)

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