Royal Bank of Canada Reiterates "Outperform" Rating for GDS (NASDAQ:GDS)

GDS (NASDAQ:GDS - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Royal Bank of Canada in a report issued on Wednesday,Benzinga reports. They presently have a $26.00 price objective on the stock. Royal Bank of Canada's price target indicates a potential upside of 9.54% from the company's current price.

A number of other research analysts also recently commented on the stock. StockNews.com upgraded shares of GDS from a "sell" rating to a "hold" rating in a research note on Tuesday. JMP Securities initiated coverage on shares of GDS in a research note on Monday. They set an "outperform" rating and a $35.00 target price for the company. Finally, Citizens Jmp upgraded shares of GDS to a "strong-buy" rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $22.60.

GDS Stock Up 8.1 %

Shares of NASDAQ GDS traded up $1.78 on Wednesday, hitting $23.74. The company had a trading volume of 1,314,581 shares, compared to its average volume of 1,885,963. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS has a 12-month low of $5.01 and a 12-month high of $29.17. The business has a 50 day moving average of $21.54 and a two-hundred day moving average of $18.90. The firm has a market capitalization of $4.52 billion, a P/E ratio of -7.79 and a beta of 0.13.

Institutional Trading of GDS

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its position in GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company's stock worth $51,000 after purchasing an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS in the third quarter worth approximately $64,000. Signaturefd LLC grew its position in GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company's stock valued at $168,000 after purchasing an additional 1,215 shares in the last quarter. Brookfield Corp ON acquired a new stake in shares of GDS during the 3rd quarter valued at $171,000. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of GDS during the 3rd quarter valued at $245,000. 33.71% of the stock is owned by institutional investors and hedge funds.

About GDS

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.

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