Royal Bank of Canada Upgrades GDS (NASDAQ:GDS) to “Outperform”

GDS (NASDAQ:GDS) was upgraded by Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report issued on Monday, Marketbeat.com reports. The brokerage presently has a $14.00 target price on the stock, up from their previous target price of $13.00. Royal Bank of Canada’s price target points to a potential upside of 29.27% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of GDS from $12.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. StockNews.com raised GDS to a “sell” rating in a report on Thursday, March 21st.

GDS Stock Down 1.2 %

GDS stock opened at $10.83 on Monday. The company’s 50-day moving average is $8.82 and its 200-day moving average is $7.62. The firm has a market capitalization of $2.06 billion, a PE ratio of -3.37 and a beta of 0.21. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.13 and a quick ratio of 1.13. GDS has a fifty-two week low of $5.01 and a fifty-two week high of $14.24.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. GDS had a negative return on equity of 8.70% and a negative net margin of 41.33%. The company had revenue of $363.89 million during the quarter, compared to analysts’ expectations of $366.92 million. Sell-side analysts anticipate that GDS will post -1.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GDS. Wellington Management Group LLP lifted its position in GDS by 258.1% during the fourth quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock worth $5,551,000 after purchasing an additional 438,661 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of GDS by 16.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock worth $49,289,000 after acquiring an additional 773,378 shares in the last quarter. Pacer Advisors Inc. bought a new position in GDS in the fourth quarter valued at approximately $6,952,000. Mirae Asset Global Investments Co. Ltd. raised its position in GDS by 43.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,157 shares of the company’s stock valued at $1,588,000 after purchasing an additional 52,747 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in GDS during the fourth quarter worth $292,000. 33.71% of the stock is owned by 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.