Raymond James Trims GDS (NASDAQ:GDS) Target Price to $25.00

GDS (NASDAQ:GDS – Get Rating) had its price target cut by stock analysts at Raymond James from $35.00 to $25.00 in a research note issued to investors on Friday, The Fly reports. Raymond James’ price objective suggests a potential upside of 144.86% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. StockNews.com began coverage on shares of GDS in a report on Thursday, May 18th. They issued a “sell” rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of GDS from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Friday, March 17th. Royal Bank of Canada upped their price target on shares of GDS from $15.00 to $17.00 and gave the company a “sector perform” rating in a report on Friday, March 24th. Finally, Citigroup upped their price target on shares of GDS from $34.00 to $35.50 in a report on Monday, February 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $29.44.

GDS Stock Down 0.8 %

Shares of NASDAQ GDS opened at $10.21 on Friday. The stock has a market cap of $1.91 billion, a P/E ratio of -8.17 and a beta of 0.69. The firm has a 50 day moving average price of $15.31 and a 200 day moving average price of $18.06. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.13 and a current ratio of 1.13. GDS has a 52-week low of $8.41 and a 52-week high of $35.93.

GDS (NASDAQ:GDS – Get Rating) last issued its quarterly earnings data on Wednesday, March 15th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.19. The firm had revenue of $348.55 million during the quarter, compared to analysts’ expectations of $336.15 million. GDS had a negative net margin of 15.85% and a negative return on equity of 6.25%. Analysts expect that GDS will post -1.36 EPS for the current year.

Institutional Trading of GDS

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings in shares of GDS by 148.8% in the fourth quarter. Lindbrook Capital LLC now owns 1,590 shares of the company’s stock valued at $33,000 after purchasing an additional 951 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of GDS by 94.3% in the fourth quarter. Parallel Advisors LLC now owns 1,929 shares of the company’s stock valued at $40,000 after acquiring an additional 936 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in shares of GDS in the fourth quarter valued at about $41,000. Advisor Group Holdings Inc. grew its stake in GDS by 71.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,795 shares of the company’s stock worth $57,000 after buying an additional 1,163 shares in the last quarter. Finally, Ronald Blue Trust Inc. grew its stake in GDS by 316.0% during the first quarter. Ronald Blue Trust Inc. now owns 3,249 shares of the company’s stock worth $67,000 after buying an additional 2,468 shares in the last quarter. 42.64% of the stock is owned by institutional investors.

About GDS

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GDS Holdings Ltd. engages in developing and operating data centers in China. It builds, operates, and transfers data centers at other locations. Its data centers are carrier and cloud-neutral, which enable customers to connect to major telecommunications carriers, and to access a number of cloud service providers.