SunTrust Banks Reiterates Buy Rating for GDS (NASDAQ:GDS)

GDS (NASDAQ:GDS)‘s stock had its “buy” rating restated by equities researchers at SunTrust Banks in a research note issued on Friday, The Fly reports. They presently have a $55.00 price objective on the stock. SunTrust Banks’ target price indicates a potential upside of 12.06% from the stock’s previous close.

A number of other research firms also recently weighed in on GDS. Royal Bank of Canada increased their target price on shares of GDS from $58.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Guggenheim set a $57.00 price target on shares of GDS and gave the company a “buy” rating in a research note on Thursday, September 12th. ValuEngine cut shares of GDS from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. BidaskClub upgraded shares of GDS from a “hold” rating to a “buy” rating in a research note on Saturday, November 23rd. Finally, TheStreet upgraded shares of GDS from a “d+” rating to a “c-” rating in a research note on Friday, October 11th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $54.67.

Shares of GDS stock traded down $0.01 on Friday, reaching $49.08. 455,342 shares of the company traded hands, compared to its average volume of 1,124,739. GDS has a 52 week low of $20.84 and a 52 week high of $49.61. The company has a 50 day moving average of $44.62 and a 200 day moving average of $40.32. The firm has a market capitalization of $5.73 billion, a PE ratio of -96.24 and a beta of 3.00. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.00 and a quick ratio of 2.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of GDS. Pictet Asset Management Ltd. raised its position in shares of GDS by 2.2% during the 2nd quarter. Pictet Asset Management Ltd. now owns 856,430 shares of the company’s stock valued at $32,176,000 after buying an additional 18,746 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of GDS by 398.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 987,232 shares of the company’s stock valued at $37,090,000 after purchasing an additional 789,363 shares during the last quarter. Aperio Group LLC grew its holdings in shares of GDS by 61.6% during the 2nd quarter. Aperio Group LLC now owns 34,650 shares of the company’s stock valued at $1,302,000 after purchasing an additional 13,208 shares during the last quarter. Harvest Investment Services LLC bought a new position in shares of GDS during the 3rd quarter valued at $201,000. Finally, LA Financiere DE L Echiquier grew its holdings in shares of GDS by 100.1% during the 3rd quarter. LA Financiere DE L Echiquier now owns 39,601 shares of the company’s stock valued at $1,587,000 after purchasing an additional 19,811 shares during the last quarter. Institutional investors and hedge funds own 71.15% 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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Analyst Recommendations for GDS (NASDAQ:GDS)

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