Raymond James Upgrades GDS (NASDAQ:GDS) to Strong-Buy

Raymond James upgraded shares of GDS (NASDAQ:GDS) from an outperform rating to a strong-buy rating in a report released on Thursday, Marketbeat Ratings reports. The firm currently has $53.00 target price on the stock.

A number of other equities research analysts have also issued reports on the company. Jefferies Financial Group upgraded GDS from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, March 18th. Royal Bank of Canada lowered GDS from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $26.00 to $37.00 in a research report on Tuesday, February 25th. Daiwa Capital Markets upgraded GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. StockNews.com lowered GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Citizens Jmp upgraded GDS to a “strong-buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.23.

GDS Trading Down 3.3 %

NASDAQ:GDS opened at $27.67 on Thursday. GDS has a one year low of $5.85 and a one year high of $52.50. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of -9.07 and a beta of 0.06. The business has a fifty day moving average price of $31.34 and a 200-day moving average price of $24.57.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.17. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The business had revenue of $425.13 million during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the business posted ($2.16) EPS. GDS’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts forecast that GDS will post -0.89 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Amiral Gestion bought a new position in shares of GDS in the 4th quarter valued at about $333,000. Voloridge Investment Management LLC lifted its holdings in shares of GDS by 36.9% in the 4th quarter. Voloridge Investment Management LLC now owns 521,171 shares of the company’s stock valued at $12,383,000 after acquiring an additional 140,343 shares during the last quarter. Woodline Partners LP bought a new position in shares of GDS in the 4th quarter valued at about $4,877,000. Vident Advisory LLC lifted its holdings in shares of GDS by 23.9% in the 4th quarter. Vident Advisory LLC now owns 24,390 shares of the company’s stock valued at $580,000 after acquiring an additional 4,710 shares during the last quarter. Finally, Triata Capital Ltd bought a new position in shares of GDS in the 4th quarter valued at about $41,472,000. Institutional investors own 33.71% of the company’s stock.

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.