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

Royal Bank of Canada lowered shares of GDS (NASDAQ:GDS) from an outperform rating to a sector perform rating in a research report released on Tuesday morning, Marketbeat Ratings reports. Royal Bank of Canada currently has $37.00 target price on the stock, up from their previous target price of $26.00.

Several other research analysts have also commented on the stock. JMP Securities initiated coverage on shares of GDS in a research note on Monday, January 27th. They set an “outperform” rating and a $35.00 price target on the stock. Jefferies Financial Group lowered GDS from a “buy” rating to a “hold” rating and raised their target price for the company from $27.06 to $45.00 in a report on Monday. Raymond James upped their price target on GDS from $25.00 to $53.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Citizens Jmp raised GDS to a “strong-buy” rating in a research note on Monday, January 27th. Finally, Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, GDS currently has an average rating of “Moderate Buy” and an average target price of $33.23.

GDS Stock Down 5.3 %

GDS opened at $37.95 on Tuesday. The company has a market capitalization of $7.23 billion, a PE ratio of -12.44 and a beta of 0.12. The business has a 50-day moving average of $27.73 and a 200-day moving average of $22.27. GDS has a fifty-two week low of $5.85 and a fifty-two week 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GDS. Blue Trust Inc. grew its position in GDS by 1,558.3% during the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after buying an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of GDS during the 3rd quarter worth approximately $64,000. PNC Financial Services Group Inc. increased its position in shares of GDS by 26.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company’s stock valued at $75,000 after purchasing an additional 672 shares during the period. Wells Fargo & Company MN raised its stake in shares of GDS by 1,904.2% in the fourth 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 in the last quarter. Finally, Brookfield Corp ON bought a new position in GDS in the third quarter worth $171,000. Institutional investors own 33.71% of the company’s stock.

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.