GDS (NASDAQ:GDS) Given New $55.00 Price Target at Raymond James

GDS (NASDAQ:GDS – Get Rating) had its price target cut by research analysts at Raymond James from $68.00 to $55.00 in a note issued to investors on Thursday, The Fly reports. Raymond James’ price objective points to a potential upside of 102.50% from the stock’s previous close.

A number of other research firms have also weighed in on GDS. StockNews.com upgraded shares of GDS to a “sell” rating in a research report on Wednesday, April 20th. Truist Financial lowered their target price on shares of GDS from $115.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, February 8th. Royal Bank of Canada lowered their target price on shares of GDS from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, March 24th. Credit Suisse Group lowered their target price on shares of GDS from $71.50 to $48.90 and set an “outperform” rating on the stock in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised shares of GDS from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, GDS presently has an average rating of “Buy” and an average price target of $70.61.

GDS opened at $27.16 on Thursday. The firm has a market cap of $5.08 billion, a P/E ratio of -24.25 and a beta of 1.07. GDS has a 1-year low of $19.83 and a 1-year high of $81.81. The company has a 50 day simple moving average of $33.50 and a two-hundred day simple moving average of $42.61. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.07 and a quick ratio of 1.07.

GDS (NASDAQ:GDS – Get Rating) last posted its quarterly earnings results on Tuesday, March 22nd. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.10. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.15 billion. GDS had a negative net margin of 16.17% and a negative return on equity of 5.09%. The company’s revenue was up 34.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.26) earnings per share. Equities analysts anticipate that GDS will post -1.6 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of GDS. Guggenheim Capital LLC grew its holdings in shares of GDS by 8.2% in the third quarter. Guggenheim Capital LLC now owns 4,048 shares of the company’s stock worth $229,000 after purchasing an additional 308 shares during the last quarter. Aviva PLC grew its holdings in shares of GDS by 1.0% in the first quarter. Aviva PLC now owns 41,580 shares of the company’s stock worth $1,632,000 after purchasing an additional 400 shares during the last quarter. Profund Advisors LLC grew its holdings in GDS by 2.6% during the 4th quarter. Profund Advisors LLC now owns 16,679 shares of the company’s stock worth $787,000 after acquiring an additional 418 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in GDS by 207.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 744 shares of the company’s stock worth $29,000 after acquiring an additional 502 shares in the last quarter. Finally, Lindbrook Capital LLC grew its holdings in GDS by 105.8% during the 4th quarter. Lindbrook Capital LLC now owns 1,107 shares of the company’s stock worth $52,000 after acquiring an additional 569 shares in the last quarter. Institutional investors and hedge funds own 53.92% of the company’s stock.

About GDS (Get Rating)

GDS Holdings Limited, together with its subsidiaries, develops 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 to the cloud, internet and banking industries. The company serves cloud service providers, Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations.

Further Reading