GDS (NASDAQ:GDS) had its target price increased by analysts at Royal Bank of Canada from $69.00 to $95.00 in a research note issued to investors on Tuesday, The Fly reports. Royal Bank of Canada’s target price would suggest a potential upside of 18.48% from the company’s current price.

GDS has been the subject of a number of other reports. Goldman Sachs Group started coverage on shares of GDS in a research note on Tuesday, April 21st. They set a “buy” rating and a $70.30 target price for the company. Jefferies Financial Group started coverage on shares of GDS in a research note on Tuesday, June 16th. They set a “buy” rating and a $86.34 target price for the company. BidaskClub raised shares of GDS from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. Zacks Investment Research upgraded GDS from a “sell” rating to a “hold” rating in a report on Wednesday, March 25th. Finally, SunTrust Banks lifted their price objective on GDS from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, May 15th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $68.16.

Shares of GDS stock traded up $0.07 on Tuesday, reaching $80.18. The company’s stock had a trading volume of 385,206 shares, compared to its average volume of 1,839,199. The stock’s fifty day simple moving average is $64.95 and its 200-day simple moving average is $57.53. GDS has a 1 year low of $34.15 and a 1 year high of $84.00. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.66. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of -186.41 and a beta of 1.43.

GDS (NASDAQ:GDS) last posted its earnings results on Thursday, May 14th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The business had revenue of $174.08 million during the quarter, compared to analysts’ expectations of $173.12 million. GDS had a negative net margin of 8.91% and a negative return on equity of 4.37%. Equities research analysts forecast that GDS will post -0.2 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of GDS. Singapore Technologies Telemedia Pte Ltd boosted its position in GDS by 16.8% in the fourth quarter. Singapore Technologies Telemedia Pte Ltd now owns 15,835,680 shares of the company’s stock valued at $816,804,000 after buying an additional 2,274,725 shares during the last quarter. Cohen & Steers Inc. purchased a new stake in GDS during the 4th quarter worth $98,149,000. Nuveen Asset Management LLC lifted its holdings in GDS by 55.1% in the 1st quarter. Nuveen Asset Management LLC now owns 4,531,237 shares of the company’s stock worth $262,676,000 after buying an additional 1,610,123 shares in the last quarter. Carmignac Gestion acquired a new stake in GDS during the 1st quarter valued at approximately $86,651,000. Finally, Alliancebernstein L.P. grew its position in shares of GDS by 232.1% during the first quarter. Alliancebernstein L.P. now owns 1,296,501 shares of the company’s stock worth $75,158,000 after buying an additional 906,099 shares in the last quarter. Hedge funds and other institutional investors own 84.15% 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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