GDS (NASDAQ:GDS) Cut to “Sector Perform” at Royal Bank of Canada

GDS (NASDAQ:GDS) was downgraded by stock analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports. They presently have a $37.00 price objective on the stock, up from their previous price objective of $26.00. Royal Bank of Canada’s target price points to a potential downside of 6.52% from the company’s current price.

A number of other equities research analysts have also weighed in on GDS. Jefferies Financial Group lowered shares of GDS from a “buy” rating to a “hold” rating and lifted their price objective for the company from $27.06 to $45.00 in a report on Monday. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. JMP Securities began coverage on shares of GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price for the company. Raymond James lifted their target price on shares of GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, StockNews.com upgraded shares of GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.23.

GDS Stock Performance

Shares of NASDAQ GDS opened at $39.58 on Tuesday. GDS has a 1 year low of $5.85 and a 1 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 fifty day moving average price of $26.56 and a 200-day moving average price of $21.84. The stock has a market cap of $7.54 billion, a PE ratio of -12.98 and a beta of 0.12.

Hedge Funds Weigh In On GDS

Hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in shares of GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after acquiring an additional 2,353 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of GDS in the 3rd quarter worth about $64,000. PNC Financial Services Group Inc. boosted its position in shares of GDS by 26.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock worth $75,000 after buying an additional 672 shares in the last quarter. Wells Fargo & Company MN raised its stake in GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock valued at $90,000 after purchasing an additional 3,599 shares during the last quarter. Finally, Brookfield Corp ON acquired a new position in shares of GDS during the 3rd quarter valued at about $171,000. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

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.