Raymond James Forecasts Strong Price Appreciation for GDS (NASDAQ:GDS) Stock

GDS (NASDAQ:GDS) had its price target upped by Raymond James from $25.00 to $53.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 18.41% from the stock’s current price.

A number of other research firms also recently weighed in on GDS. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Citizens Jmp raised GDS to a “strong-buy” rating in a report on Monday, January 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $26.00 target price on shares of GDS in a report on Wednesday, January 29th. StockNews.com raised GDS from a “sell” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, JMP Securities began coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $28.68.

GDS Stock Down 7.7 %

NASDAQ GDS opened at $44.76 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The stock’s 50 day moving average is $26.17 and its two-hundred day moving average is $21.49. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of -14.68 and a beta of 0.12. GDS has a 1-year low of $5.85 and a 1-year high of $52.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock worth $51,000 after purchasing an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in GDS in the 3rd quarter worth approximately $64,000. PNC Financial Services Group Inc. raised its position in 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 purchasing an additional 672 shares during the last quarter. Wells Fargo & Company MN raised its position in GDS by 1,904.2% in the 4th quarter. Wells Fargo & Company MN now owns 3,788 shares of the company’s stock worth $90,000 after purchasing an additional 3,599 shares during the last quarter. Finally, Signaturefd LLC raised its position in GDS by 17.3% in the 3rd quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after purchasing an additional 1,215 shares during the last quarter. 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.