Royal Bank of Canada Raises GDS (NASDAQ:GDS) Price Target to $58.00

GDS (NASDAQ:GDS) had its price objective hoisted by Royal Bank of Canada to $58.00 in a report published on Wednesday morning, The Fly reports. The firm currently has an outperform rating on the stock. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also recently commented on the company. ValuEngine upgraded GDS from a hold rating to a buy rating in a report on Thursday, June 27th. TheStreet cut GDS from a c- rating to a d rating in a report on Monday, May 6th. Zacks Investment Research upgraded GDS from a sell rating to a hold rating in a report on Tuesday, May 21st. Finally, BidaskClub cut GDS from a buy rating to a hold rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. GDS presently has a consensus rating of Buy and a consensus target price of $40.33.

GDS opened at $40.70 on Wednesday. The stock has a market cap of $4.57 billion, a P/E ratio of -79.80 and a beta of 3.04. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.01 and a quick ratio of 2.22. The stock’s 50 day simple moving average is $39.02 and its 200 day simple moving average is $35.78. GDS has a 1-year low of $20.84 and a 1-year high of $43.15.



GDS (NASDAQ:GDS) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.03. The business had revenue of $985.20 million for the quarter, compared to analysts’ expectations of $968.38 million. GDS had a negative return on equity of 6.70% and a negative net margin of 13.61%. The company’s revenue was up 54.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.82) EPS. Research analysts expect that GDS will post -0.39 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Singapore Technologies Telemedia Pte Ltd lifted its stake in shares of GDS by 88.7% during the 1st quarter. Singapore Technologies Telemedia Pte Ltd now owns 13,560,955 shares of the company’s stock worth $483,990,000 after purchasing an additional 6,373,134 shares during the period. American Century Companies Inc. lifted its stake in shares of GDS by 94.4% during the 1st quarter. American Century Companies Inc. now owns 5,617,248 shares of the company’s stock worth $200,480,000 after purchasing an additional 2,728,377 shares during the period. FMR LLC lifted its stake in shares of GDS by 13.5% during the 1st quarter. FMR LLC now owns 2,681,325 shares of the company’s stock worth $95,696,000 after purchasing an additional 319,481 shares during the period. Federated Investors Inc. PA lifted its stake in shares of GDS by 4.2% during the 1st quarter. Federated Investors Inc. PA now owns 2,455,000 shares of the company’s stock worth $87,619,000 after purchasing an additional 100,000 shares during the period. Finally, Bamco Inc. NY lifted its stake in shares of GDS by 5.0% during the 2nd quarter. Bamco Inc. NY now owns 2,213,976 shares of the company’s stock worth $83,179,000 after purchasing an additional 106,417 shares during the period. Hedge funds and other institutional investors own 62.54% of the company’s stock.

GDS Company Profile

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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